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Provedor de dados:  AgEcon
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>Department of Agricultural and Resource Economics>CUDARE Working Papers
CUDARE Working Papers
1118
Formato:  20
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