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We derive and empirically apply an input-oriented distance function based on the stochastic ray production function suggested by L¨othgren (1997, 2000). We show that the derived ray-based input distance function is suitable for modeling production technologies based on logarithmic functional...
Persistent link: https://www.econbiz.de/10013253645
Restricted participation in sequential markets may cause high price volatility and welfare losses. In this paper we therefore analyze the drivers of restricted participation in the German intraday auctin which is a short-term electricity market with quarter-hourly products. Applying a...
Persistent link: https://www.econbiz.de/10011666918
When consumption of water and other utilities is measured collectively and payment for such services is equally shared among members of the group, individuals may use more than what is socially optimal. In this paper, we evaluate how installation of individual meters affects water consumption....
Persistent link: https://www.econbiz.de/10012668511
We estimate the price elasticity of water demand with household-level data, structurally modeling the piecewise-linear budget constraints imposed by increasing-block pricing. We develop a mathematical expression for the unconditional price elasticity of demand under increasing-block prices and...
Persistent link: https://www.econbiz.de/10014064430
Increased population pressure and political decisions have led to more intensive agricultural practices in China. As in other regions of the world, these practices can damage natural capital. We use the Kalman filter and Chinese panel data to estimate an index of environmental productivity...
Persistent link: https://www.econbiz.de/10014122381
The paper describes a two stage model of Hungarian households' food demand. Demand for the food aggregate is represented by a Working-Leser type single equation model while demand for seven distinct food types is modelled in a complete demand system using the LA/AIDS functional form. Estimation...
Persistent link: https://www.econbiz.de/10009757206
In this paper, we estimate the behavior of private consumption in Cote d’Ivoire under the permanent income hypothesis using annual data for the period 1970–2016. The first objective is to test the validity of the permanent income hypothesis in Cote d’Ivoire. Our second concern is to...
Persistent link: https://www.econbiz.de/10012023944
This article develops a model of food demand in which the quality and quantity of food purchased and the inter-purchase time are determined simultaneously. We use this model to explore the relationship between a household's cereal purchases and its demographic variables. Households eligible to...
Persistent link: https://www.econbiz.de/10012157189
In an analysis of the effectiveness of the dissemination of information on healthy dietary intake, a consumer demand model for food nutrients is formulated. The model is constructed on the assumption that households maximise utility of non-marketed goods using market goods. In terms of food...
Persistent link: https://www.econbiz.de/10014128782
Persistent link: https://www.econbiz.de/10013425771