While the adverse effects of energy price increases following reforms are increasingly well understood for households, the existing literature has largely ignored the effect of subsidy reform on firms. This paper argues that this is a gap in the evidence base that must be addressed, in order to design and deliver reforms more effectively. In […]
This background note was presented by Dr. Robert Skinner at the Government of Canada Energy Symposium on 28th October 2005, Ottawa, Canada.
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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