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dc.contributor.author
Alberini, Anna
dc.contributor.author
Gans, Will
dc.contributor.author
Lopez-Velez, Daniel
dc.date.accessioned
2017-06-14T14:54:45Z
dc.date.available
2017-06-14T14:54:45Z
dc.date.issued
2010-11
dc.identifier.uri
http://hdl.handle.net/20.500.11850/158523
dc.description.abstract
We study residential demand for electricity and gas, working with nationwide household-level data that cover recent years, namely 1997-2007. Our dataset is a mixed panel/multi-year cross-sections of dwellings/households in the 50 largest metropolitan areas in the United States as of 2008. To our knowledge, this is the most comprehensive set of data for examining household residential energy usage at the national level, containing the broadest geographical coverage, and with the longest longitudinal component (up to 6 observations per dwelling).<br/>We estimate static and dynamic models of electricity and gas demand. We find strong household response to energy prices, both in the short and long term. From the static models, we get estimates of the own price elasticity of electricity demand in the -0.860 to -0.667 range, while the own price elasticity of gas demand is -0.693 to -0.566. These results are robust to a variety of checks. Contrary to earlier literature (Metcalf and Hassett, 1999; Reiss and White, 2005), we find no evidence of significantly different elasticities across households with electric and gas heat. The price elasticity of electricity demand declines with income, but the magnitude of this effect is small.<br/>These results are in sharp contrast to much of the literature on residential energy consumption in the United States, and with the figures used in current government agency practice. Our results suggest that there might be greater potential for policies which affect energy price than may have been previously appreciated.
dc.language.iso
en
dc.publisher
Swiss Federal Institute of Technology, CEPE - Centre for Energy Policy and Economics
dc.subject
residential electricity and gas demand
dc.subject
price elasticity of energy demand
dc.subject
static model
dc.subject
dynamic panel data model
dc.subject
partial adjustment model
dc.title
Residential Consumption of Gas and Electricity in the U.S.
dc.type
Working Paper
ethz.title.subtitle
The Role of Prices and Income
ethz.journal.title
CEPE Working Paper
ethz.journal.volume
77
ethz.size
45 p.
ethz.identifier.nebis
004298743
ethz.publication.place
Zürich
ethz.publication.status
published
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03539 - Filippini, Massimo / Filippini, Massimo
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03539 - Filippini, Massimo / Filippini, Massimo
ethz.date.deposited
2017-06-14T15:02:45Z
ethz.source
ECIT
ethz.identifier.importid
imp59364d4a6620a13942
ethz.ecitpid
pub:42456
ethz.eth
yes
ethz.availability
Metadata only
ethz.rosetta.installDate
2017-07-26T19:11:08Z
ethz.rosetta.lastUpdated
2018-11-05T10:52:48Z
ethz.rosetta.versionExported
true
ethz.COinS
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