Empirical estimates of fuel demand changes to price variation are based on historical consumption and prices, and can be applied as a single point estimate to a wide range of price movements. However, if fuel prices are set outside the boundaries of historical changes, policymakers may be concerned as to the validity of the empirically assessed price elasticity. We have developed a transport model to provide a techno-economic estimate of the price elasticity of fuel demand. It incorporates consumers’ choices as a result of several factors, including fuel substitutes, available transport modes, income, value of time and magnitude of price change.
قياس انبعاثات الغازات الدفيئة في المملكة العربية السعودية باستخدام الأقمار الاصطناعية
Empirical estimates of fuel demand changes to price variation are based on historical consumption and…
7th ديسمبر 2023
مسارات سياسات الطاقة ودورها في توجيه سياسات المناخ في المملكة العربية السعودية
Empirical estimates of fuel demand changes to price variation are based on historical consumption and…
13th نوفمبر 2023