Template-Type: ReDIF-Article 1.0
Author-Name:  M.F. Morss 
Author-Name:  J.L. Small
Title:  Deriving Electricity Demand Elasticities from a Simulation Model
Classification-JEL: F0
Pages:  51-76
Volume:  Volume 10
Issue:  Number 3
Year:  1989
Abstract:  The paper reports a method of estimating aggregate residential electricity demand elasticities with respect to price and household income. Short-run models of electricity use and linear probability models of equipment ownership are developed using household data. These are incorporated in a model that simulates the development of the stock of dwellings and electricity-using equipment through time to derive short and long-run price and income elasticities. Results for a wide range of equipment types are presented. Test results reveal the influence of dwelling stock dynamics on long-run aggregate elasticities that have not been reported in other studies.
Handle: RePEc:aen:journl:1989v10-03-a04
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=1958
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