Data/hora: 09/06/2024 08:47:12

Provedor de dados: | 31
País: | United States
Título: | Demand for gasoline is more price-inelastic than commonly thought
Autores: | Havranek,   Tomas; Irsova,   Zuzana; Janda,   Karel.
Data: | 2011-09-01
Ano: | 2011
Palavras-chave: | Gasoline demand; Price elasticity; Meta-analysis; Publication selection bias; Political Economy; Resource /Energy Economics and Policy.
Resumo: | Demand for gasoline is more price-inelastic than commonly thought Abstract: One of the most frequently examined statistical relationships in energy economics has been the price elasticity of gasoline demand. We conduct a quantitative survey of the estimates of elasticity reported for various countries around the world. Our meta- analysis indicates that the literature suffers from publication selection bias: insignificant or positive estimates of the price elasticity are rarely reported, although implausibly large negative estimates are reported regularly. In consequence, the aver- age published estimates of both short- and long-run elasticities are exaggerated twofold. Using mixed effects multilevel meta-regression, we show that after correction for publication bias the average long-run elasticity reaches -0:31 and the average short-run elasticity only -0:09.
Tipo: | Working Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/120416

Relação:

University of California, Berkeley&gt;Department of Agricultural and Resource Economics&gt;CUDARE Working Papers

CUDARE Working Papers

1118

Formato: | 20