We investigate the lack of general agreement concerning the determinants of energy demand and consider residential, commercial and industrial demand for electric energy. Our Halvorsen-type models permit consistent estimation of total elasticities of demand for the three sectors. The estimated own-price elasticity is above unity for the commercial demand but less than unity for the residential and industrial demands.
ASJC Scopus subject areas
- Civil and Structural Engineering
- Building and Construction
- Mechanical Engineering
- Industrial and Manufacturing Engineering
- Electrical and Electronic Engineering