Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 12:48:48am WEST
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Daily Overview |
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Thematic Session: Electricity Pricing, Consumer Behavior, and Distributional Impacts (Streaming) Location: B008 Session Chair: Jesse Buchsbaum, Resources for the Future | |
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Are consumers more responsive to prices in the long run? Evidence from electricity markets Resources for the Future, United States of America A fundamental question in economics is how consumers respond to price variation in the long run, yet causally identified estimates remain scarce. Using a novel source of exogenous, persistent electricity price variation, I estimate the long-run price elasticity of household electricity demand. I find that consumers are sixteen times more responsive in the long run than in the short run, with effects concentrated among low-income households. Exploring mechanisms, I show that persistently high prices increase consumers’ responsiveness to temperature variation. These results underscore the effectiveness of price-based policies and the importance of setting prices to reflect social marginal costs. | |