Gasoline price volatility and the elasticity of demand for gasoline

A-Tier
Journal: Energy Economics
Year: 2013
Volume: 38
Issue: C
Pages: 111-117

Authors (2)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We examine how gasoline price volatility impacts consumers' price elasticity of demand for gasoline. Results show that volatility in prices decreases consumer demand for gasoline in the intermediate run. We also find that consumers appear to be less elastic in response to changes in gasoline price when gasoline price volatility is medium or high, compared to when it is low. Moreover, we find that when we control for variance in our econometric model, gasoline price elasticity of demand is lower in magnitude in the long run.

Technical Details

RePEc Handle
repec:eee:eneeco:v:38:y:2013:i:c:p:111-117
Journal Field
Energy
Author Count
2
Added to Database
2026-01-25