@article{10902/34959,
year = {2024},
url = {https://hdl.handle.net/10902/34959},
abstract = {Using household data, we estimate the price and budget elasticities of utility services (electricity, natural gas,
and water) during the Great Recession in Spain. A nearly ideal quadratic demand system is estimated by
controlling censorship and endogeneity problems, where households are split into two groups depending on
their vulnerability. We observe differences in the consumption preferences depending on their vulnerability
condition, but the relationship between vulnerability and demand sensitivity for utility services is unclear.
Then, energy poverty policies such as the social discount rate for electricity would not be justified in terms of
economic efficiency but rather for other reasons.},
publisher = {Elsevier BV},
publisher = {Utilities Policy, 2024, 88, 101756},
title = {Price and budget elasticities under utility poverty policies in Spain},
author = {Núñez Sánchez, Ramón and Otoya Chavarría, Marco and Soberón Velez, Alexandra Pilar},
}