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Please read the attached two peer-reviewed journal articles and develop a minimu
Please read the attached two peer-reviewed journal articles and develop a minimum 5 pages (not including abstract, table of content, title, and reference pages) by addressing the following topics.
Burke, P.J, & Yang, H. (2016). The price and income elasticities of natural gas demand: International evidence. Energy Economics, 59, 466-474
Schulte, I., & Heindl, P. (2017). Price and income elasticities of residential energy demand in Germany. Energy Policy, 102, 512-528
1. Provide a brief summary of major findings from each article.
2. Compare and contrast views and perspectives discussed in both articles.
3. What do Table 4 & 5 from Schulte and Heindl (2017) tell us about the price and income elasticity of demand for gasoline?
4. How do magnitudes of price elasticity of demand for gasoline or/and natural gas vary between Schulte and Heindl (2017) and Burke and Yang (2016)?
5. Discuss main contributions of each article to the knowledge of price elasticity of gasoline. In other words, how does each article deal with the concept of price elasticity of demand differently, compared to existing literature?
Requirements
– Paper must take the following structure by including headings as follows:
1. Summary of Major Findings
2. Compare/Contrast
3. Analysis (Part 3 and 4)
4. Main Contribution
– All papers must use a minimum of 6 credible sources, preferably peer-reviewed journal articles.
– Do not copy sentences and paragraphs directly from the original articles but paraphrase them using your own words.
– You MUST NOT cite online sources or any articles without year of publication and author’s name. Also, you should not cite Wikipedia and Investopedia.
– All papers must follow all APA requirements.
– Do not just provide your opinions but your essay must demonstrate mastery and accuracy of relevant economic concepts and theory
– Minimum requirement: 5 pages (not including abstract, table of content, title, and reference pages)
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