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Analysing gasoline demand elasticities: a survey
Carol Dahl,Thomas Sterner +1 more
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A survey of studies on gasoline demand can be found in this article, where the authors find a fair degree of agreement concerning average short-run and even long-run income and price elasticities.About:
This article is published in Energy Economics.The article was published on 1991-07-01. It has received 543 citations till now.read more
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Energy efficiency and consumption — the rebound effect — a survey
TL;DR: In this paper, a review of some of the relevant literature from the US offers definitions and identifies sources including direct, secondary, and economy-wide sources and concludes that the range of estimates for the size of the rebound effect is very low to moderate.
ReportDOI
Causes and Consequences of the Oil Shock of 2007–08
TL;DR: This article explored similarities and differences between the run-up of oil prices in 2007-08 and earlier oil price shocks, looking at what caused these price increases and what effects they had on the economy.
Journal ArticleDOI
The role of inventories and speculative trading in the global market for crude oil
TL;DR: The authors developed a structural model of the global market for crude oil that for the first time explicitly allows for shocks to the speculative demand for oil as well as shocks to flow demand and flow supply.
Journal ArticleDOI
Understanding Crude Oil Prices
TL;DR: The authors examines the factors responsible for changes in crude oil prices and concludes that although scarcity rent made a negligible contribution to the price of oil in 1997, it could now begin to play a role.
Posted Content
The Economic Effects of Energy Price Shocks
Lutz Kilian,Lutz Kilian +1 more
TL;DR: In this paper, a number of the key issues in this debate are addressed: What are energy price shocks and where do they come from? How responsive is energy demand to changes in energy prices? How do consumers' expenditure patterns evolve in response to energy price spikes? How does energy price changes affect real output, inflation, stock markets and the balance-of-payments? Why do energy price increases seem to cause recessions, but energy price decreases do not seem to lead to expansions?
References
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Journal ArticleDOI
An Update on Econometric Studies of Energy Demand Behavior
TL;DR: The Revue des modeles developpes recemment pour la prevision de la demande d'energie dans les secteurs domestique, commercial, industrial, and transport as discussed by the authors.
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Gasoline demand in the OECD. An application of pooling and testing procedures
TL;DR: This article used a pooled inter-country data set, finding the long-run price-elasticity falls in the range −0.55 to − 0.9, depending on the choice of pooled estimators.
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Gasoline Demand Survey
TL;DR: In this paper, the authors present a survey of the elasticities for statistical analysis and development of summary elasticities, identifying basic issues, and illustrating a strategy for summarizing studies that should be useful to policymakers and researchers in any area of applied work.
Journal ArticleDOI
The demand for gasoline
TL;DR: In this paper, a vehicle stock-adjustment model was proposed to estimate the long-run price elasticity of gasoline demand in the USA, with time lags exceeding six years.