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We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long … that the price elasticity of demand grows from –0:09 in the first six months to –0:27 two years later. We also estimate a …
Persistent link: https://www.econbiz.de/10012954912
. Electricity distribution is the canonical example of a natural monopoly. Randomized price offers show that demand for electricity … levels, suggesting that residential electrification may reduce social welfare. We discuss how leakage, reduced demand (due to …
Persistent link: https://www.econbiz.de/10012990772
household electricity demand that addresses these difficulties. We estimate the model using data for a representative sample of … California households, and summarize how electricity demand elasticities vary in that state. We then use the model to analyze the …Recent efforts to restructure and partially deregulate electricity markets have renewed interest in understanding how …
Persistent link: https://www.econbiz.de/10013248390
This paper presents estimates of the customer-level demand for electricity by industrial and commercial customers … customers also face the possibility of a demand charge on their electricity consumption during the three half-hour periods that … day due to changes in all components of day-ahead E&W electricity prices, the level of the demand charge and the …
Persistent link: https://www.econbiz.de/10014133542
-loan collateral values may have affected both the demand and the supply of mortgages. Standard time series models using repeat … the loan level substantiates both supply and demand effects of past price trends in housing markets, particularly with …
Persistent link: https://www.econbiz.de/10013156426
Discrete choice demand models are widely used for counterfactual policy simulations, yet their out … choice models of school demand. In 2013, Boston Public Schools considered several new choice plans that differ in where …, suggesting that the choice models are indeed “structural.” Our findings show that structural demand models can effectively …
Persistent link: https://www.econbiz.de/10012943607
discrete choice models of demand compared to simpler alternatives. In 2013, Boston Public Schools (BPS) proposed alternative …. Pathak and Shi (2013) estimated discrete choice models of demand using families' historical choices and these demand models … of discrete choice models of demand in our context …
Persistent link: https://www.econbiz.de/10013059907
Can measured risk attitudes and associated structural models predict insurance demand? In an experiment (n = 1,730), we …
Persistent link: https://www.econbiz.de/10013312498
I translate familiar concepts of discrete-time time-series to contnuous-time equivalent. I cover lag operators, ARMA models, the relation between levels and differences, integration and cointegration, and the Hansen-Sargent prediction formulas
Persistent link: https://www.econbiz.de/10013104725
Mankiw [1982] explores the Permanent Income Hypothesis implication that durable expenditures follow an ARMA(1,1) representation. He finds that durable expenditures are represented by an AR(1) process which implies that the rate of depreciation of durables, under the PIH model, is 100%. This...
Persistent link: https://www.econbiz.de/10012783955