Aggregate Elasticity of Energy Demand
回应了EMF早期研究中对总体弹性重要性的强调，通过详细考察能源需求模型来澄清总体弹性的估计值。
The first EMF study, "Energy and the Economy," produced estimates of the aggregate elasticity of substitution for primary energy implicit in six models of energy and the economy.' In that study, the working group identified the importance of the aggregate elasticity and called for an examination of more detailed demand models. During its review of the study, the EMF Senior Advisory Panel cited the importance of a careful investigation of energy demand models to clarify estimates of the aggregate elasticity. The present study is a response to those suggestions.