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dc.titleResearch Insights: Does Energy Consumption Respond to Price Shocks?
dc.contributor.authorBastos, Paulo
dc.contributor.authorCastro, Lucio
dc.contributor.authorCristia, Julian P.
dc.contributor.authorScartascini, Carlos
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.date.available2023-04-04T00:04:00
dc.date.issue2023-04-04T00:04:00
dc.description.abstractUsing 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.
dc.format.extent4
dc.identifier.doihttp://dx.doi.org/10.18235/0004819
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Research-Insights-Does-Energy-Consumption-Respond-to-Price-Shocks.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Perspectivas-de-investigacion-Responde-el-consumo-de-energia-al-alza-de-los-precios.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectEnergy Consumption
dc.subjectDebtor Finance
dc.subjectNatural Gas
dc.subjectEnergy
dc.subjectClimate Change
dc.subjectEconomy
dc.subjectGlobal Value Chain
dc.subjectRegression Discontinuity Design
dc.subjectCreativity
dc.subjectPublic Policy
dc.subject.jelcodeL95 - Gas Utilities • Pipelines • Water Utilities
dc.subject.jelcodeD12 - Consumer Economics: Empirical Analysis
dc.subject.jelcodeL51 - Economics of Regulation
dc.subject.jelcodeQ41 - Demand and Supply • Prices
dc.subject.jelcodeQ48 - Government Policy
dc.typeCatalogs and Brochures
idb.identifier.pubnumberIDB-CB-00739
idb.operationBK-C1102
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