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The Short-Run Residential Demand for Natural Gas

Effective and efficient energy conservation policy requires accurate and comprehensive estimates of residential energy demand pa-rameters. These parameter estimates are among the most important inputs into informed policy decisions. In turn, accurate estimation of energy demand parameters requires realistic modeling of the consumer's demand behavior, detailed information on energy consumption, and careful treatment of any econometric problems created by the model and data base.

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Energy Specializations: Natural Gas – Markets and Prices; Natural Gas – Policy and Regulation

JEL Codes: Q40: Energy: General, Q41: Energy: Demand and Supply; Prices, Q35: Hydrocarbon Resources, Q38: Nonrenewable Resources and Conservation: Government Policy, D12: Consumer Economics: Empirical Analysis

Keywords: Natural gas, Residential gas demand

DOI: 10.5547/ISSN0195-6574-EJ-Vol3-No1-3

Published in Volume 3, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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