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" At a price elasticity of-1, the household is able to reduce electricity consumption in response to the price increase, so reducing the magnitude of the welfare loss. Households in Armenia and Georgia experienced the largest welfare loss, expressed as... "
Power's Promise: Electricity Reforms in Eastern Europe and Central Asia - Page 32
edited by - 2004 - 76 pages
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Deregulation and Its Discontents: Rewriting the Rules in Asia

M. Ramesh, Michael Howlett - 2006 - 264 pages
...unable to adjust, so this provides an upper bound of the welfare loss. At a price elasticity of — 1, the household is able to reduce electricity consumption...electricity expenditures in the total budget (Table 4.5). In real terms the electricity price fell slightly in Kazakhstan, so households did not experience...
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