@misc{33452,
title = {Research Insights: Does Energy Consumption Respond to Price Shocks?},
author = {Bastos, Paulo and Castro, Lucio and Cristia, Julian P. and Scartascini, Carlos},
year = {2023},
doi = {10.18235/0004819},
abstract = {Using unique features of a tariff schedule for natural gas in Buenos Aires, we find that a price increase causes a prompt and significant decline in residential consumption. The results also indicate that consumers respond more to past bills-actual cost paid-than to expected prices. Policymakers and regulators need to move beyond the assumption of perfect awareness of complex price schedules by consumers.},
url = {https://doi.org/10.18235/0004819}
}