Econometric Analyses of Household Fuel Demands
Description:
This study develops econometric models of residential demands for electricity, natural gas, and petroleum products. Fuel demands per household are estimated as functions of fuel prices, per capita income, heating degree days, and mean July temperature. Both cross-sectional and dynamic models are developed using a large data base containing observations for each state and year from 1951 through 1974. Long-run own-price elasticities for all three fuels are greater than unity with natural gas show…
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Date:
March 1, 1977
Creator:
Cohn, Steve; Hirst, Eric & Jackson, Jerry
Item Type:
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Partner:
UNT Libraries Government Documents Department