| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Demand for gasoline is more price-inelastic than commonly thought
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| Autores: |
Havranek, Tomas
Irsova, Zuzana
Janda, Karel
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| Data: |
2011-09-01
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| Ano: |
2011
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| Palavras-chave: |
Gasoline demand
Price elasticity
Meta-analysis
Publication selection bias
Political Economy
Resource /Energy Economics and Policy
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| 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.
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| Tipo: |
Working Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/120416
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| Relação: |
University of California, Berkeley>Department of Agricultural and Resource Economics>CUDARE Working Papers
CUDARE Working Papers
1118
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| Formato: |
20
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