Overview
The demand for energy plays an important role both as an essential factor in economic development and in the current debate about environmental issues. During the last two decades substantial movements in energy prices and taxes created a unique experimental framework for assessing the responsiveness of energy demand to economic factors. The aims of this book are to assess what has been learned about substitutability between sources of energy in different markets. Several distinguished academic economists review the methods and results of empirical work, present original research dealing with the demand for energy in the residential, industrial, transport and electricity sectors, explore the applicability of advanced econometric techniques, and assess the quality of producer forecasts of energy demand.Audience: Economists, business academics, libraries, and post-graduate students.
Synopsis
The demand for energy plays an important role both as an essential factor in economic development and in the current debate about environmental issues. During the last two decades substantial movements in energy prices and taxes created a unique experimental framework for assessing the responsiveness of energy demand to economic factors. The aims of this book are to assess what has been learned about substitutability between sources of energy in different markets. Several distinguished academic economists review the methods and results of empirical work, present original research dealing with the demand for energy in the residential, industrial, transport and electricity sectors, explore the applicability of advanced econometric techniques, and assess the quality of producer forecasts of energy demand.