Madlener, Reinhard; Bernstein, Ronald - Institut für Future Energy Consumer Needs and Behavior … - 2011
2008. We estimate long-run demand elasticities with regard to real disposable income and real residential price of natural … correction framework we also obtain estimates for the speeds of adjustment to long-run equilibrium and short-run elasticities for … including heating degree days as a control variable. On average, the long-run elasticities are 0.94 with regard to income, –0 …