The response of energy demand to drastically higher energy prices and increasing income is a major source of uncertainty clouding global energy prospects. The response can be expressed in terms of price and income elasticities of energy demand. Energy is consumed through utilization of capital stock, and the demand can be changed by: (1) adjustment of the utilization rate of the capital stock, (2) adaptation and modification of the energy efficiency...
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INFORMATION
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1981/04/30
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Document de travail sur les produits de base
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DWC8102
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1
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1
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2010/07/01
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Energy demand elasticities : concept evidence and implications
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price elasticity
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