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A large amount of work in residential electricity demand has relied on logit estimation of a disaggregated appliance stock. (See the seminal work by McFadden et al., 1977.) While this approach may be suitable for certain types of models with certain goals in mind, a simple formulation of an...
Persistent link: https://www.econbiz.de/10004983954
Following the seminal work of McFadden. Puig, and Kirschner (1977) and the general availability of national microdata sets, residential energy demand studies have been conducted for electricity, natural gas, fuel oil. LP gas, and wood (see Garbacz, 1984, 1985). Using the National Interim Energy...
Persistent link: https://www.econbiz.de/10004983971
The logarithmic flow models generate elasticity estimates for prices that generally exceed estimates of recent studies both for the short run and the long run. This holds true over gasoline, diesel, and total motorfuel models. The linear gasoline results for price elasticity are in the range of...
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Offsetting consumer behavior may have reduced the effectiveness of a mandatory seat belt law in reducing fatalities in New Zealand. It appears that the favorable effect on automobile occupants may be offset partially, or in some models perhaps completely, by deaths among cyclists and pedestrians...
Persistent link: https://www.econbiz.de/10005449991
A telephone demand model (logit) is estimated with pooled Decennial Census data (1970, 1980 and 1990) for the states. Previous studies using pooled FCC penetration data are suspect due to large standard errors in the sample. Since our model includes data across time this allows the inclusion of...
Persistent link: https://www.econbiz.de/10005542842
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Living standards and economic growth in developing countries are invariably linked to the availability and use of telecom services. Effective policy decisions require the best estimates of the drivers of these services. In this paper, telecommunications demand is estimated in models for...
Persistent link: https://www.econbiz.de/10009199561
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