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Electric rates and conservation a natural experiment

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Ed Dolan
Ed Dolan

A set of slides discussing the effect of electric rates on conservation, using the example of metered and unmetered electricity in New York apartments.

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Free Slides from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ A Natural Experiment in Demand Elasticity: Metered vs. Unmetered Electricity Post prepared August 17, 2010 Terms of Use: These slides are made available under Creative Commons License Attribution—Share Alike 3.0 . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook, Introduction to Economics , from BVT Publishers.
NYC Electric Rates as a Natural Experiment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Post P100817 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ Stuyvesant Town Apartments, New York City Photo by David Shankbone http://commons.wikimedia.org/wiki/File:Stuyvesant_Town_in_New_York_City.jpg Some of the information in these slides is based on Sam Dolnick, “Air-Conditioners that Run When Nobody’s Home,” New York Times Aug. 16, 2010, p. A13 st=csehttp://www.nytimes.com/2010/08/16/nyregion/16chill.html?_r=1&scp=3&sq=sam%20dolnick&
Three Hypotheses about Demand Elasticity ,[object Object],[object Object],[object Object],[object Object],Post P100817 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ Picture source: http://commons.wikimedia.org/wiki/File:ElectricMeter.jpg
Perfectly Inelastic Demand? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Post P100817 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/
Constant Elasticity of Demand? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Post P100817 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/
Linear Demand? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Post P100817 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/
Observations from the NYC Experiment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Post P100817 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ Quotes from article by Sam Dolnick, “Air-Conditioners that Run When Nobody’s Home,” New York Times Aug. 16, 2010, p. A13 st=csehttp://www.nytimes.com/2010/08/16/nyregion/16chill.html?_r=1&scp=3&sq=sam%20dolnick&
Conclusions from the NYC Experiment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Post P100817 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/

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Electric rates and conservation a natural experiment

  • 1. Free Slides from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ A Natural Experiment in Demand Elasticity: Metered vs. Unmetered Electricity Post prepared August 17, 2010 Terms of Use: These slides are made available under Creative Commons License Attribution—Share Alike 3.0 . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook, Introduction to Economics , from BVT Publishers.
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