Policy implications of considering pre-commitments in U.S. aggregate energy demand system

B-Tier
Journal: Energy Policy
Year: 2017
Volume: 102
Issue: C
Pages: 406-413

Authors (3)

Rowland, Christopher S. (not in RePEc) Mjelde, James W. (not in RePEc) Dharmasena, Senarath (Texas A&M University)

Score contribution per author:

0.673 = (α=2.02 / 3 authors) × 1.0x B-tier

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

Abstract

Linear approximations of the Generalized Almost Ideal Demand System and Almost Ideal Demand System for U.S. energy are compared to contrast the explicit inclusion and exclusion of pre-committed consumption levels. Results indicate that pre-commitment levels, the quantity of a good that is consumed in the short run with little regard for price, helps to better explain energy demand in the U.S. compared to the system that does not explicitly consider pre-commitments. Policy implications are if pre-commitments are a legitimate assumption, larger price changes are necessary to achieve a given policy objective than if there are no pre-commitments.

Technical Details

RePEc Handle
repec:eee:enepol:v:102:y:2017:i:c:p:406-413
Journal Field
Energy
Author Count
3
Added to Database
2026-01-25