The Department of Asian and Policy Studies (APS) Policy cordially invites you to attend the seminar entitled “Price elasticities of retail energy demands in the United States: New evidence from a panel of monthly data for 2001–2016”. Details are as below:
Date: 29 April 2020 (Wednesday)
Time: 2:30 pm to 3:30 pm
Venue: Online (via ZOOM*)
*URL link to the meeting: https://eduhk.zoom.com.cn/j/5468121732
Meeting ID：546 812 1732 Medium: English
Speaker: Prof. Woo Chi-keung
About the speaker:
C.K. Woo (PhD, Economics, University of California at Davis) is Professor of Asian and Policy Studies at the Education University of Hong Kong. With 30 years of industry experience, he has published over 160 refereed articles on applied microeconomics and energy economics. He is a senior fellow of the United States Association for Energy Economics and an editorial board member of Energy (impact factor = 5.54), Energy Policy (impact factor = 4.88) and The Energy Journal (impact factor = 2.46).
This seminar presents an application of demand estimation to solve real-world problems faced by the energy industry. In particular, Professor Woo estimates a parsimonious regression system based on the Generalized Leontief specification to document the limited effectiveness of price-management of demand because of the low price-elasticity estimates for retail energy demands in the U.S. The policy implication is that demand-side-management through energy efficiency programs and standards will continue to play an important role in achieving a clean and sustainable future for the U.S.