Posts Tagged ‘Long-Run Demand’


The Irreversible Demand Effects of High Oil Prices. Motor Fuels in France, Germany & the UK

Published: 1st January 1991| By:

The majority of aggregate demand studies, whether concerned with energy or other goods, are based on the notion of a stable long-run demand function, which implies the existence of a unique equilibrium demand for any given relative price and income level. Given this static relationship, the effects of any price (or income) change will, by […]

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Categories / Country and Regional Studies, Energy Economics, Finance, Oil

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Have Low Oil Prices Reversed the Decline in Energy Demand? A Case-Study for the UK

Published: 1st January 1990| By:

Total energy demand and the product composition of energy consumption have changed considerably following the two oil crises of the 1970s. Although total primary energy consumption in the OECD was higher in 1987 than it had been at any time previously, its rate of growth had fallen considerably. The average rate of growth of 5 […]

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Categories / Country and Regional Studies, Energy Economics, Oil

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