Arbeitspapier
Demand for gasoline is more price-inelastic than it is commonly thought
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 and positive estimates of the price elasticity are rarely reported, although implausibly large negative estimates are reported regularly. In consequence, the average 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
- Sprache
-
Englisch
- Erschienen in
-
Series: IES Working Paper ; No. 10/2011
- Klassifikation
-
Wirtschaft
Survey Methods; Sampling Methods
Energy: Demand and Supply; Prices
Energy: Government Policy
- Thema
-
Gasoline demand
Price elasticity
Meta-analysis
Publication selection bias
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Havránek, Tomáš
Iršová, Zuzana
Janda, Karel
- Ereignis
-
Veröffentlichung
- (wer)
-
Charles University in Prague, Institute of Economic Studies (IES)
- (wo)
-
Prague
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Havránek, Tomáš
- Iršová, Zuzana
- Janda, Karel
- Charles University in Prague, Institute of Economic Studies (IES)
Entstanden
- 2011
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