Regional electric power demand elasticities of Japan's industrial and commercial sectors
In the assessment and review of regulatory reforms in the electric power market, price elasticity is one of the most important parameters that characterize the market. However, price elasticity has seldom been estimated in Japan; instead, it has been assumed to be as small as 0.1 or 0 without proper...
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| Veröffentlicht in: | Energy policy 2009-11, Vol.37 (11), p.4313-4319 |
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| creator | Hosoe, Nobuhiro Akiyama, Shu-ichi |
| description | In the assessment and review of regulatory reforms in the electric power market, price elasticity is one of the most important parameters that characterize the market. However, price elasticity has seldom been estimated in Japan; instead, it has been assumed to be as small as 0.1 or 0 without proper examination of the empirical validity of such
a priori assumptions. We estimated the regional power demand functions for nine regions, in order to quantify the elasticity, and found the short-run price elasticity to be 0.09–0.30 and the long-run price elasticity to be 0.12–0.56. Inter-regional comparison of our estimation results suggests that price elasticity in rural regions is larger than that in urban regions. Popular assumptions of small elasticity of 0.1, for example, could be suitable for examining Japan's aggregate power demand but not power demand functions that focus on respective regions. Furthermore, assumptions about smaller elasticity values such as 0.01 and 0 could not be supported statistically by this study. |
| doi_str_mv | 10.1016/j.enpol.2009.05.045 |
| format | Article |
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a priori assumptions. We estimated the regional power demand functions for nine regions, in order to quantify the elasticity, and found the short-run price elasticity to be 0.09–0.30 and the long-run price elasticity to be 0.12–0.56. Inter-regional comparison of our estimation results suggests that price elasticity in rural regions is larger than that in urban regions. Popular assumptions of small elasticity of 0.1, for example, could be suitable for examining Japan's aggregate power demand but not power demand functions that focus on respective regions. Furthermore, assumptions about smaller elasticity values such as 0.01 and 0 could not be supported statistically by this study.</description><identifier>ISSN: 0301-4215</identifier><identifier>EISSN: 1873-6777</identifier><identifier>DOI: 10.1016/j.enpol.2009.05.045</identifier><identifier>CODEN: ENPYAC</identifier><language>eng</language><publisher>Kidlington: Elsevier Ltd</publisher><subject>Applied sciences ; Commerce ; Demand curves ; Economic data ; Elasticity of demand ; Electric energy ; Electric power ; Electricity ; Energy ; Energy consumption ; Energy economics ; Energy industry ; Energy policy ; Exact sciences and technology ; General, economic and professional studies ; Industrial economics ; Japan ; Power demand function ; Power demand function Price elasticity Regional power demand ; Price elasticity ; Regional economics ; Regional power demand ; Regions ; Regulatory reform ; Studies</subject><ispartof>Energy policy, 2009-11, Vol.37 (11), p.4313-4319</ispartof><rights>2009 Elsevier Ltd</rights><rights>2015 INIST-CNRS</rights><rights>Copyright Elsevier Science Ltd. Nov 2009</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c558t-c7eedaa0d569090c68be9daffb58da7f8b4ab5e29242c339b1d576d0f6611da73</citedby><cites>FETCH-LOGICAL-c558t-c7eedaa0d569090c68be9daffb58da7f8b4ab5e29242c339b1d576d0f6611da73</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://www.sciencedirect.com/science/article/pii/S0301421509003887$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,776,780,3536,3993,27845,27903,27904,65309</link.rule.ids><backlink>$$Uhttp://pascal-francis.inist.fr/vibad/index.php?action=getRecordDetail&idt=22104057$$DView record in Pascal Francis$$Hfree_for_read</backlink><backlink>$$Uhttp://econpapers.repec.org/article/eeeenepol/v_3a37_3ay_3a2009_3ai_3a11_3ap_3a4313-4319.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Hosoe, Nobuhiro</creatorcontrib><creatorcontrib>Akiyama, Shu-ichi</creatorcontrib><title>Regional electric power demand elasticities of Japan's industrial and commercial sectors</title><title>Energy policy</title><description>In the assessment and review of regulatory reforms in the electric power market, price elasticity is one of the most important parameters that characterize the market. However, price elasticity has seldom been estimated in Japan; instead, it has been assumed to be as small as 0.1 or 0 without proper examination of the empirical validity of such
a priori assumptions. We estimated the regional power demand functions for nine regions, in order to quantify the elasticity, and found the short-run price elasticity to be 0.09–0.30 and the long-run price elasticity to be 0.12–0.56. Inter-regional comparison of our estimation results suggests that price elasticity in rural regions is larger than that in urban regions. Popular assumptions of small elasticity of 0.1, for example, could be suitable for examining Japan's aggregate power demand but not power demand functions that focus on respective regions. 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Akiyama, Shu-ichi</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c558t-c7eedaa0d569090c68be9daffb58da7f8b4ab5e29242c339b1d576d0f6611da73</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2009</creationdate><topic>Applied sciences</topic><topic>Commerce</topic><topic>Demand curves</topic><topic>Economic data</topic><topic>Elasticity of demand</topic><topic>Electric energy</topic><topic>Electric power</topic><topic>Electricity</topic><topic>Energy</topic><topic>Energy consumption</topic><topic>Energy economics</topic><topic>Energy industry</topic><topic>Energy policy</topic><topic>Exact sciences and technology</topic><topic>General, economic and professional studies</topic><topic>Industrial economics</topic><topic>Japan</topic><topic>Power demand function</topic><topic>Power demand function Price elasticity Regional power demand</topic><topic>Price elasticity</topic><topic>Regional economics</topic><topic>Regional power demand</topic><topic>Regions</topic><topic>Regulatory reform</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Hosoe, Nobuhiro</creatorcontrib><creatorcontrib>Akiyama, Shu-ichi</creatorcontrib><collection>Pascal-Francis</collection><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>Electronics & Communications Abstracts</collection><collection>Materials Business File</collection><collection>Mechanical & Transportation Engineering Abstracts</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Technology Research Database</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>ANTE: Abstracts in New Technology & Engineering</collection><collection>International Bibliography of the Social Sciences</collection><collection>Engineering Research Database</collection><collection>Aerospace Database</collection><collection>International Bibliography of the Social Sciences</collection><collection>Materials Research Database</collection><collection>Civil Engineering Abstracts</collection><collection>Advanced Technologies Database with Aerospace</collection><jtitle>Energy policy</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Hosoe, Nobuhiro</au><au>Akiyama, Shu-ichi</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Regional electric power demand elasticities of Japan's industrial and commercial sectors</atitle><jtitle>Energy policy</jtitle><date>2009-11-01</date><risdate>2009</risdate><volume>37</volume><issue>11</issue><spage>4313</spage><epage>4319</epage><pages>4313-4319</pages><issn>0301-4215</issn><eissn>1873-6777</eissn><coden>ENPYAC</coden><abstract>In the assessment and review of regulatory reforms in the electric power market, price elasticity is one of the most important parameters that characterize the market. However, price elasticity has seldom been estimated in Japan; instead, it has been assumed to be as small as 0.1 or 0 without proper examination of the empirical validity of such
a priori assumptions. We estimated the regional power demand functions for nine regions, in order to quantify the elasticity, and found the short-run price elasticity to be 0.09–0.30 and the long-run price elasticity to be 0.12–0.56. Inter-regional comparison of our estimation results suggests that price elasticity in rural regions is larger than that in urban regions. Popular assumptions of small elasticity of 0.1, for example, could be suitable for examining Japan's aggregate power demand but not power demand functions that focus on respective regions. Furthermore, assumptions about smaller elasticity values such as 0.01 and 0 could not be supported statistically by this study.</abstract><cop>Kidlington</cop><pub>Elsevier Ltd</pub><doi>10.1016/j.enpol.2009.05.045</doi><tpages>7</tpages></addata></record> |
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| subjects | Applied sciences Commerce Demand curves Economic data Elasticity of demand Electric energy Electric power Electricity Energy Energy consumption Energy economics Energy industry Energy policy Exact sciences and technology General, economic and professional studies Industrial economics Japan Power demand function Power demand function Price elasticity Regional power demand Price elasticity Regional economics Regional power demand Regions Regulatory reform Studies |
| title | Regional electric power demand elasticities of Japan's industrial and commercial sectors |
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