Estimated fuel price elasticities are consistent with reactions following the second major oil shock, having been significantly different from reactions to its predecessor. In turn, elasticities for both sub-periods are not well represented by those estimated for 1960-1982 as a whole

Strict conditions for a two-stage translog expenditure shares model are violated. A single- stage homothetic symmetry/equality model is rejected in favour of a non-homothetic equality model. International own-price elasticities derived from the latter for oil, gas, coal and electricity are...