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- W1501470192 abstract "This article's primary objective is to estimate the own-price and cross-price elasticities of demand for natural gas in the residential, commercial and industrial sectors by DOE region in the USA. A simultaneous-equations model was developed and its reduced form was employed for natural gas consumption demand elasticity estimation in conjuction with the instrumental price variables. Data from 1967 to 1978 were used in the estimation, but the 1973 oil embargo effect was separated with the use of a dummy variable. The demand for natural gas was much more price elastic in the long run than in the short run, and the industrial sector was more less price sensitive than others. However, there were significant interregional and intersectoral variations among the elasticities estimated." @default.
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- W1501470192 date "1983-07-01" @default.
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- W1501470192 title "Natural gas price elasticities" @default.
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- W1501470192 doi "https://doi.org/10.1016/0140-9883(83)90061-0" @default.
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