Demand for gasoline is more price-inelastic than commonly thought

Michael Giberson A working paper from the UC-Berkeley Department of Agricultural and Resource Economics says that the demand for gasoline is more price-inelastic than typically thought. Here is the abstract, which points to publication selection bias as the culprit: One of the most frequently examined statistical relationships in energy economics has been the price elasticity … More Demand for gasoline is more price-inelastic than commonly thought