Price Sensitivity of Energy Demand in Norwegian Industries
研究了挪威MSG模型中19个工业部门对能源价格变化的敏感程度,通过广义里昂惕夫成本函数估计了不同价格弹性,帮助理解能源需求如何响应价格变动。
The production side of the latest version of the Norwegian MSG model has been developed to allow for substitution between various energy goods and between energy and other inputs. The production structure and behavior are specified for 19 sectors of the model within the framework of neoclassical production theory, formalized by Generalized Leontief cost functions. The main elements of the production model are presented along with the empirical results from estimation of the derived demand relations. The analysis focuses on the price sensitivity of energy demand as measured by different types of price elasticities.