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The dynamics of fuel demand and illegal fuel activity in Turkey
(Elsevier Science Bv, 2016-02)
We expose the dynamics of road fuel demand by employing maximum entropy resampling based interval estimates in a fixed width rolling window framework. Our approach facilitates using a uniform specification in a sequential ...
Estimating the evolution of elasticities of natural gas demand: the case of Istanbul, Turkey
(Physica-Verlag Gmbh & Co, 2016-08)
Much of the existing literature on demand for natural gas assumes constant and single-value elasticities, overlooking the possibility of dynamic responses to the changing conditions. We aim to fill this gap by providing ...