Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-5cf477f64f-r2nwp Total loading time: 0 Render date: 2025-03-25T19:45:25.434Z Has data issue: false hasContentIssue false

3 - Energy Demand–Theory and Empirical Analysis

Published online by Cambridge University Press:  19 December 2024

Massimo Filippini  and
Suchita Srinivasan
Massimo Filippini
Affiliation:
ETH Zürich and Università della Svizzera Italiana
Suchita Srinivasan
Affiliation:
ETH Zürich
HTML view is not available for this content. However, as you have access to this content, a full PDF is available via the 'Save PDF' action button.

Summary

In this chapter, we present and discuss the theory of energy demand for the residential sector and for the industrial sector. For the residential sector, we provide a discussion of household production theory, whereas for firms, we discuss duality and production theory. We also provide an extensive discussion on how researchers are estimating energy demand models using empirical methods to derive income and price elasticities, and we provide tables with information on price, income, and substitution elasticities derived in studies that have been recently published. At the end of the chapter, we discuss issues in developing countries related to the topics discussed in the chapter.

Keywords

energy demandhousehold production theoryeconometric analysisprice elasticityincome elasticitycross-price elasticityresidential energy demandindustrial energy demandelasticity of substitution
Type
Chapter
Information
An Introduction to Energy Economics and Policy , pp. 49 - 72
Publisher: Cambridge University Press
Print publication year: 2024
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This content is Open Access and distributed under the terms of the Creative Commons Attribution licence CC-BY-NC-ND 4.0 https://creativecommons.org/cclicenses/

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×