Author-selected aggregate model (M1, real oil): 'we focus our discussion on the model with real oil prices due to theoretical reasons ... the model that produces the smallest standard errors of the parameters' (p.23); headline: 'the price deregulation policy after 2000 has significantly reduced the price elasticity to 0.14' (p.26).
Adom, P. K. (2017): 'The long-run price sensitivity dynamics of industrial and residential electricity demand: The impact of deregulating electricity prices.' Energy Economics, 62, 43-60.