Havranek, Tomas; Kokes, Ondrej - In: Energy Economics 47 (2015) C, pp. 77-86
In this paper we quantitatively synthesize empirical estimates of the income elasticity of gasoline demand reported in previous studies. The studies cover many countries and report a mean elasticity of 0.28 for the short run and 0.66 for the long run. We show, however, that these mean estimates...