Lowe, R;
(2003)
A theoretical analysis of price elasticity of energy demand in multi-stage energy conversion systems.
Energy Policy
, 31
(15)
pp. 1699-1704.
10.1016/S0301-4215(03)00064-8.
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Abstract
The objective of this paper is an analytical exploration of the problem of price elasticity of energy demand in multi-stage energy conversion systems. The paper describes in some detail an analytical model of energy demand in such systems. Under a clearly stated set of assumptions, the model makes it possible to explore both the impacts of the number of sub-systems, and of varying sub-system elasticities on overall system elasticity. The analysis suggests that overall price elasticity of energy demand for such systems will tend asymptotically to unity as the number of sub-systems increases. © 2003 Published by Elsevier Science Ltd.
| Type: | Article |
|---|---|
| Title: | A theoretical analysis of price elasticity of energy demand in multi-stage energy conversion systems |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1016/S0301-4215(03)00064-8 |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources |
| URI: | https://discovery.ucl.ac.uk/id/eprint/2284 |
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