Showing 1 - 10 of 108
In 1967, John Krutilla suggested a relationship between car camping, canoe cruising, and cross-country skiing and induced demand for wild, primitive, and wilderness-related opportunities. Here, the time trend of cross-section parameter estimates of the relationship is examined. Households...
Persistent link: https://www.econbiz.de/10004980931
Information about total electricity consumption is available for most households. However, the electricity consumption related to different end uses, e.g. space heating, water heating, lighting and services from household appliances are usually not metered. Metering data are very costly to...
Persistent link: https://www.econbiz.de/10004980652
In this paper the demand for space heating energy is estimated by using a discrete-continuous choice model which focuses on the relationship between the choice of heating equipment and energy consumption. The model is estimated on Norwegian micro data, and the two stages of the model are...
Persistent link: https://www.econbiz.de/10004980691
This paper analyzes the potential household demand for alternative fuel vehicles in Norway, by applying data from a stated preference survey. The alternative fuel vehicles we consider are liquid propane gas and electric powered vehicles in addition to a dual-fuel vehicle. In this survey each...
Persistent link: https://www.econbiz.de/10004980798
This article presents a new way of estimating latent total consumption in a household that may improve the accuracy of studies into permanent income and consumption inequality. While the frequently used total purchase expenditure in a household is an unbiased estimator of latent total household...
Persistent link: https://www.econbiz.de/10004980858
It is costly and difficult to meter electricity consumption for different end uses, e.g. space heating, lighting and household appliances. We deduce a model for using cross-sectional data for total annual electricity consumption for a sample of households, together with information from energy...
Persistent link: https://www.econbiz.de/10010754877
Although most production activities involve multiple outputs, econometric models of production or cost functions normally involve only one single homogeneous output. The aim of this paper is to test the hypothesis that a multiproduct specification is superior to a model with a single homogenous...
Persistent link: https://www.econbiz.de/10004980796
This paper investigates the determinants of Norwegian import prices of manufactures over the period 1970(1) - 1991(4). Multivariate cointegration analysis establishes a long-run relationship between import prices, foreign prices, the exchange rate and domestic unit labour costs. Normalized on...
Persistent link: https://www.econbiz.de/10004980558
This paper addresses how to enhance the role of data in structural model design by utilizing structural breaks and superfluous information as auxiliary tools of exact identification. To illustrate the procedure and to study the simultaneous interplay between financial variables and the real side...
Persistent link: https://www.econbiz.de/10004980733
We find empirical evidence of a financial accelerator using a data based procedure of Structural Model Design. Credit to firms, asset prices and aggregate economic activity interact over the business cycle in our empirical model of a dynamic economy. Furthermore, the interdependence between...
Persistent link: https://www.econbiz.de/10004980837