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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/10012470028
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/10012470511
empirical relevance of this phenomenon is scarce. We study the dynamics of residential electricity demand by exploiting price …Economic theory suggests that demand is more elastic in the long run relative to the short run, but evidence on the … electricity suppliers on behalf of their residents. Using a flexible difference-in-differences matching approach, we estimate a …
Persistent link: https://www.econbiz.de/10012455198
. 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/10012456383
Can measured risk attitudes and associated structural models predict insurance demand? In an experiment (n = 1,730), we …
Persistent link: https://www.econbiz.de/10012480452
substantiates both supply and demand effects of past price trends in housing markets, particularly with respect to subprime mortgage …-loan collateral values may have affected both the demand and the supply of mortgages. Standard time series models using repeat …
Persistent link: https://www.econbiz.de/10012463316
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/10012453696
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/10012458802
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/10012470965
We model dividend and consumption growth rates as containing a small long-run predictable component and economic uncertainty (i.e., growth rate volatility) as being time-varying. The magnitudes of the predictable variation and changing volatility in growth rates, as in the data, are quite small....
Persistent link: https://www.econbiz.de/10012470673