INVESTIGATION OF THE SHORT- AND LONG-TERM FLEXIBILITY OF ENERGY DEMAND RELATED TO ENERGY PRICES IN THE GERMAN FEDERAL REPUBLIC

An introductory survey is given on the development of energy consumption and price behavior in the FRG from about 1960 onward, whereby the difficulties are especially indicated for estimates and correlations resulting from the 1973/74 break in structures. Four models each were estimated for five energy carriers: coal, heating fuel oil, fuels, gas, and electricity, and fuel consumer groups: total industry, steel industry, industry without steel, household and small consumers, and transportation. Four models were employed: one using relative prices, one using deflated prices, one without and one including the crisis year 1974. The determined price flexibilities alone were not conclusive. The energy political decision for one of the price variants permitted useful statements on the price flexibilities in the chosen categories. (ERA citation 04:023492)

  • Supplemental Notes:
    • U.S. Sales Only.
  • Corporate Authors:

    Kiel University, West Germany

    Institut fuer Weltwirtschaft
    Kiel,   Germany 
  • Authors:
    • Lehbert, B
  • Publication Date: 1977-9

Media Info

  • Pagination: 107 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00197889
  • Record Type: Publication
  • Source Agency: National Technical Information Service
  • Files: TRIS
  • Created Date: Sep 15 1979 12:00AM