Irreversible price-induced efficiency improvements: theory and empirical application to road transportation

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Authors: I.O. Walker and Franz Wirl
Date: Oct. 1993
From: The Energy Journal(Vol. 14, Issue 4)
Publisher: International Association for Energy Economics
Document Type: Article
Length: 6,707 words

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Abstract :

The 1986 oil price collapse did not spur energy demand growth despite increased economic activity and reduced real energy price ranges. Thus, established income and price elasticities did not seem to conform to energy demand changes. The factors of technical efficiency and consumer behavior are considered vital in establishing efficiency gains from developments involving energy demand.

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Gale Document Number: GALE|A14794099