Table 3.
Demand elasticity | |||||
---|---|---|---|---|---|
Min -0.5 | Aver -1.08 | Max -2.75 | |||
Producer surplus change (billion $US) |
1.1061 [1.089; 1.124] |
0.9878 [0.973; 1.003] |
0.9233 [0.909; 0.938] |
Min 0.2 | Supply elasticity |
1.3080 [1.288; 1.329] |
1.3106 [1.291; 1.331] |
1.3108 [1.291; 1.331] |
Aver 0.42 | ||
1.4469 [1.425; 1.47] |
1.5824 [1.558; 1.607] |
1.6821 [1.657; 1.709] |
Max 0.6 | ||
Consumer surplus change (billion $US) |
0.3734 [0.3677; 0.3793] |
0.5957 [0.5866; 0.6051] |
0.7156 [0.7047; 0.727] |
Min 0.2 | |
0.2047 [0.2016; 0.2079] |
0.3662 [0.3606; 0.372] |
0.4708 [0.4635; 0.4783] |
Aver 0.42 | ||
0.0887 [0.0874; 0.0901] |
0.1732 [0.1705; 0.1759] |
0.2366 [0.2329; 0.2404] |
Max 0.6 | ||
Total social welfare change (billion $US) |
1.4795 [1.457; 1.503] |
1.5835 [1.56; 1.608] |
1.6389 [1.614; 1.665] |
Min 0.2 | |
1.5127 [1.49; 1.537] |
1.6767 [1.651; 1.703] |
1.7816 [1.755; 1.81] |
Aver 0.42 | ||
1.5356 [1.512, 1.56] |
1.7556 [1.729; 1.783] |
1.9187 [1.889; 1.949] |
Max 0.6 |
95% Confidence intervals appear in squared brackets, as calculated using a bootstrap procedure.