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Policy implications of considering pre-commitments in US aggregate energy demand system

机译:考虑美国总能源需求系统中预先承诺的政策含义

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摘要

Linear approximations of the Generalized Almost Ideal Demand System and Almost Ideal Demand System for U.S. energy are compared to contrast the explicit inclusion and exclusion of pre-committed consumption levels. Results indicate that pre-commitment levels, the quantity of a good that is consumed in the short run with little regard for price, helps to better explain energy demand in the U.S. compared to the system that does not explicitly consider pre-commitments. Policy implications are if pre-commitments are a legitimate assumption, larger price changes are necessary to achieve a given policy objective than if there are no pre-commitments.
机译:比较了美国能源的通用几乎理想需求系统和几乎理想需求系统的线性近似值,以对比明确包含和排除预先承诺的消费水平。结果表明,与未明确考虑预先承诺的系统相比,预先承诺水平(短期内消费的商品数量很少考虑价格)有助于更好地解释美国的能源需求。政策含义是,如果预先承诺是一个合理的假设,则与没有预先承诺的情况相比,实现给定政策目标需要更大的价格变化。

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