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UKERC_Review_of_Evidence_for_the_Rebound_Effect_-_Technical_Report_3-_Elasticity_of_substitution_studies.pdf (832.73 kB)

UKERC Review of evidence for the rebound effect: Technical report 3: Elasticity of substitution studies

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posted on 2023-06-08, 20:46 authored by David Broadstock, Lester Hunt, Steven SorrellSteven Sorrell
This Working Paper forms part of the TPA’s assessment of evidence for a rebound effect from improved energy efficiency. Technical Report 3 focuses upon empirical estimates of the elasticity of substitution between energy and capital. This parameter has been identified as a key determinant of the likely magnitude of the rebound effect in different sectors. The report clarifies the meaning and importance of this parameter, summarises and compares empirical estimates of this parameter, evaluates the reasons that have been proposed for the differing results, discusses whether a consensus has been reached to whether energy and capital can be considered as ‘substitutes’ or ‘complements’ and draws some implications for the rebound effect.

History

Publication status

  • Published

File Version

  • Published version

Publisher

UKERC

Pages

81.0

Place of publication

London

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Institution

University of Sussex

Full text available

  • Yes

Legacy Posted Date

2015-05-13

First Open Access (FOA) Date

2016-03-22

First Compliant Deposit (FCD) Date

2016-03-22

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