Get Consumer Durable Choice and the Demand for Electricity PDF

By J. A. Dubin

This ebook develops the idea of sturdy selection and usage. the elemental assumption is that the call for for power is a derived call for bobbing up throughout the creation of loved ones prone. sturdy selection is linked to the alternative of a selected know-how for supplying the family provider. Econometric platforms are derived which trap either the discrete selection nature of equipment choice and the selection of continuing conditional demand.

Using the nationwide meantime power intake Survey (NIECS) from 1978, a nested logit version of room air-conditioning, vital air-conditioning, space-heating and water heating is expected. The anticipated likelihood selection version is used to forecast the affects of proposed development criteria for newly developed unmarried kin indifferent apartments. A community thermal version offers unit power consumptions for substitute heating and cooling structures throughout time. per thirty days billing information matched to NIECS is analyzed allowing seasonal estimation of the call for for electrical energy and traditional gasoline through households.

The conception of expense specification for call for topic to a declining fee constitution is reviewed and verified. eventually, constant estimation strategies are utilized in the presence of attainable correlation among dummy variables indicating equipment possession and the equation blunders. The speculation of simultaneity within the call for procedure is tested.

Conditional moments within the generalized severe worth family members are derived to increase discrete non-stop econometric structures within which discrete selection is believed logistic. An potency comparability of assorted two-stage constant estimation recommendations 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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