TY  - GEN
AU  - Bastos, Paulo
AU  - Castro, Lucio
AU  - Cristia, Julian P.
AU  - Scartascini, Carlos
TI  - Research Insights: Does Energy Consumption Respond to Price Shocks?
PY  - 2023
Y1  - 2023/04/04
DO  - 10.18235/0004819
AB  - 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.
UR  - https://doi.org/10.18235/0004819
ER  -