Sensitivity of price elasticity of demand to aggregation, unobserved heterogeneity, price trends, and price endogeneity: Evidence from U.S. Data

Price elasticity estimates of residential electricity demand vary widely across the energy economics and policy literature. In this paper, we seek to explain these findings using three nationwide datasets from the U.S. – the American Housing Survey, Forms EIA-861, and the Residential Energy Consumpt...

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Bibliographic Details
Published in:	Energy policy 2016-10, Vol.97, p.235-249
Main Authors:	Miller, Mark, Alberini, Anna
Format:	Article
Language:	English
Subjects:	Agglomeration capital Capital stock data collection Datasets demand elasticities demand functions Elasticity Elasticity of demand Electric power demand Electricity Electricity consumption Electricity generation Electricity pricing energy Energy consumption Energy demand forecast Energy economics Energy policy Error analysis Estimates Heterogeneity Household-level data Housing Housing surveys issues and policy Measurement Measurement errors Panel data Polls & surveys Power generation Price elasticity Price elasticity of demand Prices Rebound effect Residential electricity demand Residential energy Studies surveys United States Variables
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