scholarly journals Measuring the price responsiveness of gasoline demand: economic shape restrictions and nonparametric demand estimation

2011 ◽  
Author(s):  
Joel L. Horowitz ◽  
Richard Blundell ◽  
Matthias Parey
Keyword(s):  
Demand Estimation ◽  
Gasoline Demand ◽  
Shape Restrictions ◽  
Price Responsiveness

scholarly journals High Frequency Evidence on the Demand for Gasoline

2017 ◽  
Vol 9 (3) ◽  
pp. 314-347 ◽  
Author(s):  
Laurence Levin ◽  
Matthew S. Lewis ◽  
Frank A. Wolak
Keyword(s):  
High Frequency ◽  
The United States ◽  
Temporal Aggregation ◽  
Relative Importance ◽  
Gasoline Demand ◽  
Aggregated Data ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Order Of Magnitude ◽  
Price Responsiveness

Daily city-level expenditures and prices are used to estimate the price responsiveness of gasoline demand in the United States. Using a frequency of purchase model that explicitly acknowledges the distinction between gasoline demand and gasoline expenditures, the price elasticity of demand is consistently found to be an order of magnitude larger than estimates from recent studies using more aggregated data. Estimating demand using higher levels of spatial and temporal aggregation is shown to produce increasingly inelastic estimates. A decomposition is then developed and implemented to understand the relative importance of several different factors in explaining this result. (JEL C51, L71, Q35)

scholarly journals Measuring the price responsiveness of gasoline demand

2009 ◽  
Author(s):  
Richard Blundell ◽  
Matthias Parey ◽  
Joel L. Horowitz
Keyword(s):  
Gasoline Demand ◽  
Price Responsiveness
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