Consumer Durable Choice and the Demand for Electricity - download pdf or read online

By J. A. Dubin

ISBN-10: 0444877665

ISBN-13: 9780444877666

This publication develops the speculation of sturdy selection and usage. the elemental assumption is that the call for for power is a derived call for bobbing up during the construction of family companies. sturdy selection is linked to the alternative of a selected expertise for delivering the loved ones carrier. Econometric platforms are derived which catch either the discrete selection nature of equipment choice and the decision of continuing conditional demand.

Using the nationwide period in-between power intake Survey (NIECS) from 1978, a nested logit version of room air-conditioning, principal air-conditioning, space-heating and water heating is anticipated. The expected likelihood selection version is used to forecast the affects of proposed construction criteria for newly built unmarried relations indifferent flats. A community thermal version presents unit power consumptions for substitute heating and cooling structures throughout time. per 30 days billing information matched to NIECS is analyzed allowing seasonal estimation of the call for for electrical energy and normal gasoline via households.

The thought of rate specification for call for topic to a declining cost constitution is reviewed and validated. eventually, constant estimation tactics are utilized in the presence of attainable correlation among dummy variables indicating equipment possession and the equation mistakes. The speculation of simultaneity within the call for method is tested.

Conditional moments within the generalized severe price relatives are derived to increase discrete non-stop econometric structures during which discrete selection is thought logistic. An potency comparability of varied two-stage constant estimation innovations utilized to a unmarried equation of a dummy endogenous simultaneous equation process is undertaken and asymptotic distributions are derived for every estimation method.

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Consumer Durable Choice and the Demand for Electricity (Contributions to Economic Analysis) by J. A. Dubin

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