Template-Type: ReDIF-Article 1.0
Author-Name:  Gehuang D. Nan 
Author-Name:  Donald A. Murry
Title:  Energy Demand with the Flexible Double-Logarithmic Functional Form
Classification-JEL: F0
Pages:  149-160
Volume:  Volume 13
Issue:  Number 4
Year:  1992
Abstract:  A flexible double-logarithmic function form is developed to meet assumptions of consumer behavior. Then annual residential and commercial data (1970-87) are applied to this functional form to examine demand for petroleum products, electricity, and natural gas in California. The traditional double lo-linear functional form has shortcomings of constant elasticities. The regression equations in this study, with varied estimated elasticities, overcome some of these shortcomings. All short-run own-price elasticities are inelastic and all income elasticities are close to unity in this study. According to the short-run time-trend elasticities, consumers' fuel preference in California is electricity. The long-run income elasticities also indicate that the residential consumers will consume more electricity and natural gas as their energy budgets increase in the long run.
Handle: RePEc:aen:journl:1992v13-04-a08
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=1092
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