Modelling energy and non-energy substitution: A brief survey of elasticities

Energy Policy

Volumn 39, Issue 8, 2011, Pages 4601-4604

  Frondel, Manuel ^a,b,c  

^a RUHR UNIVERSITY BOCHUM   (Germany)

^b RWI LEIBNIZ INSTITUTE FOR ECONOMIC RESEARCH   (Germany)

^c Ruhr Graduate School in Economics RGS Econ   (Germany)

Author keywords

Allen partial elasticities; Cross price elasticities; Morishima elasticities

Indexed keywords

ALLEN PARTIAL ELASTICITIES; CROSS-PRICE ELASTICITY; DEGREE OF SUBSTITUTION; IN-LINE; MORISHIMA ELASTICITIES; NON-ENERGY; PRODUCTION ANALYSIS;

ENERGY POLICY; SURVEYS;

ELASTICITY;

ELECTRICITY; ENERGY POLICY; MODELING; PRICE DYNAMICS;

EID: 79958036971     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2011.04.067     Document Type: Article

References (21)

1. Allen R.G.D., Hicks J.R. A reconsideration of the theory of value, II. Economica 1934, 1:196-219.
2. Allen R.G.D. Mathematical Analysis for Economists 1938, MacMillan, London.
3. Apostolakis B.E. Energy-capital-substitutability/complementarity. Energy Economics 1990, 12(1):48-58.
4. Berndt E.R., Wood D.O. Technology, prices, and the derived demand for energy. Review of Economics and Statistics 1975, 57:259-268.
5. Blackorby C., Russell R. Will the real elasticity of substitution please stand up? A comparison of the Allen/Uzawa and Morishima elasticities. American Economic Review 1989, 79:882-888.
6. Frondel M. Empirical assessment of energy-price policies: the case for cross-price elasticities. Energy Policy 2004, 32(8):989-1000.
7. Frondel M., Schmidt C.M. The empirical assessment of technology differences: comparing the comparable. The Review of Economics and Statistics 2006, 88(1):186-192.
8. Frondel M., Schmidt C.M. Facing the truth about separability: nothing works without energy. Ecological Economics 2004, 51(3-4):217-223.
9. Frondel M., Schmidt C.M. Rejecting capital-skill complementarity at all costs?. Economics Letters 2003, 80(1):15-21.
10. Frondel M., Schmidt C.M. The capital-energy controversy: an artifact of cost shares. The Energy Journal 2002, 23(3):53-79.
11. Fuss M., McFadden D., Mundlak Y. A survey of functional forms in the economic analyses of production. Production Economics: A Dual Approach to Theory and Applications 1978, vol. 1:219-268. North-Holland, Amsterdam.
12. Griffin J.M., Gregory P.R. An intercountry translog model of energy substitution responses. American Economic Review 1976, 66:845-858.
13. Hicks J.R. Theory of Wages 1932, Mac Millan, London.
14. Hamermesh D.S. Labor Demand 1993, Princeton University Press, New Jersey.
15. Kintis A., Panas E.E. The capital-energy controversy: further results. Energy Economics 1989, 11:201-212.
16. McFadden D. Constant elasticity of substitution production functions. Review of Economic Studies 1963, 30:73-83.
17. Morishima M. A few suggestions on the theory of elasticity. Keizai Hyoron (Economic Review) 1967, 16:145-150.
18. Mundlak Y. Elasticities of substitution and the theory of derived demand. Review of Economic Studies 1968, 35:225-236.
19. Saunders H.D. Fuel conserving (and using) production functions. Energy Economics 2008, 30:2184-2235.
20. Saunders H.D. The Khazzoom-Brookes postulate and neoclassical growth. The Energy Journal 1992, 13(4):131-148.
21. Uzawa H. Production functions with constant elasticities of substitution. Review of Economic Studies 1962, 29:291-299.