Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192237 
Year of Publication: 
1999
Series/Report no.: 
Discussion Papers No. 255
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
Empirical estimates of long run effects on residential electricity demand from changes in the electricity price are usually estimated by cross-sectional variation in the current stock of electric household appliances across households at a certain point in time. Here, we use a discrete-continuous approach modeling the long run effects by investments in new appliances. We apply the annual Norwegian Survey of Consumer Expenditure for the period 1975 to 1994 to estimate the short and long run own price elasticities in the two approaches. We find the estimated long run elasticity only slightly more price elastic than the short run. We also find that the long run elasticity does not differ significantly between the two approaches. The reason for both results is that, since there is no alternative source of energy for these appliances, there are no substitution effects.
Subjects: 
Residential electricity consumption
household production
dynamic analysis
micro data
JEL: 
D13
Document Type: 
Working Paper

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