J. A. Dubin's Consumer Durable Choice and the Demand for Electricity PDF

By J. A. Dubin

This e-book develops the idea of sturdy selection and usage. the fundamental assumption is that the call for for power is a derived call for coming up during the creation of family providers. sturdy selection is linked to the alternative of a selected expertise for delivering the loved ones provider. Econometric structures are derived which catch either the discrete selection nature of equipment choice and the choice of continuing conditional demand.

Using the nationwide period in-between strength intake Survey (NIECS) from 1978, a nested logit version of room air-conditioning, significant air-conditioning, space-heating and water heating is predicted. The envisioned likelihood selection version is used to forecast the affects of proposed development criteria for newly built unmarried kinfolk indifferent apartments. A community thermal version presents unit power consumptions for replacement heating and cooling structures throughout time. per thirty days billing facts matched to NIECS is analyzed allowing seasonal estimation of the call for for electrical energy and normal fuel by way of households.

The concept of fee specification for call for topic to a declining expense constitution is reviewed and validated. ultimately, constant estimation approaches are utilized in the presence of attainable correlation among dummy variables indicating equipment possession and the equation errors. The speculation of simultaneity within the call for procedure is tested.

Conditional moments within the generalized severe price relations 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 ideas utilized to a unmarried equation of a dummy endogenous simultaneous equation procedure 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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