Price elasticity of demand for fuels by income level in Mexican households
January 31, 2021 | Kenneth B. Medlock III
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Author(s)
Kenneth B. Medlock III
James A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics | Senior Director, Center for Energy StudiesBy Araceli Ortega Díaz and Kenneth B. Medlock
The authors' analysis shows consumer responses to changing energy prices are linked to their income levels. The study can help policymakers analyze household welfare when implementing fiscal or energy reforms.