An Econometric Model Of Consumer Durable Choice
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An Econometric Model Of Consumer Durable Choice
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Author : David M. Brownstone
language : en
Publisher:
Release Date : 1980
An Econometric Model Of Consumer Durable Choice written by David M. Brownstone and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Demand (Economic theory) categories.
An Econometric Model Of Consumer Durable Choice And Utilization Rate
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Author : David M. Brownstone
language : en
Publisher:
Release Date : 1980
An Econometric Model Of Consumer Durable Choice And Utilization Rate written by David M. Brownstone and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with categories.
Consumer Durable Choice And The Demand For Electricity
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Author : J.A. Dubin
language : en
Publisher: Elsevier
Release Date : 2014-07-22
Consumer Durable Choice And The Demand For Electricity written by J.A. Dubin and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-22 with Science categories.
This book develops the theory of durable choice and utilization. The basic assumption is that the demand for energy is a derived demand arising through the production of household services. Durable choice is associated with the choice of a particular technology for providing the household service. Econometric systems are derived which capture both the discrete choice nature of appliance selection and the determination of continuous conditional demand.Using the National Interim Energy Consumption Survey (NIECS) from 1978, a nested logit model of room air-conditioning, central air-conditioning, space-heating and water heating is estimated. The estimated probability choice model is used to forecast the impacts of proposed building standards for newly constructed single family detached residences. A network thermal model provides unit energy consumptions for alternative heating and cooling systems across time. Monthly billing data matched to NIECS is analyzed permitting seasonal estimation of the demand for electricity and natural gas by households.The theory of price specification for demand subject to a declining rate structure is reviewed and tested. Finally, consistent estimation procedures are used in the presence of possible correlation between dummy variables indicating appliance ownership and the equation error. The hypothesis of simultaneity in the demand system is tested.Conditional moments in the generalized extreme value family are derived to extend discrete continuous econometric systems in which discrete choice is assumed logistic. An efficiency comparison of various two-stage consistent estimation techniques applied to a single equation of a dummy endogenous simultaneous equation system is undertaken and asymptotic distributions are derived for each estimation method.
Econometric Analysis Of Discrete Choice
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Author : Axel Börsch-Supan
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Econometric Analysis Of Discrete Choice written by Axel Börsch-Supan and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
This book is a treatise on empirical microeconomics: it describes the econometric theory of qualitative choice models and the empirical practice of modeling consumer demand for a heterogeneous commodity, housing. Accordingly, the book has two parts. The first part gives a self-contained survey of discrete choice models with emphasis on nested and related multinomial logit models. The second part concentrates on three sUbstantive questions about housing demand and how they can be answered using discrete choice models. Why combine these two distinct parts in one book? It is the interaction between theory and application in empirical microeconomics on which we focus in this book. Hence, emphasis in the methodological part is on practicability, and emphasis in the applied part is on the usage of the proper econometric specifications. Econometrics means measuring economic phenomena. Because nature (ironically, in the case of economics, this is most often the government) rarely provides us with well-defined economic experiments, measurement of economic phenomena usually requires an elaborate statistical apparatus that is able to separate concurrent and confounding phenomena. Discrete choice models have proved to be a very convenient apparatus to study the complex issues in housing demand. We present models, techniques, and statistical problems of discrete choice in the first and methodological part of the book, written in conventional textbook style.
Economic Theory And Estimation Of The Demand For Consumer Durable Goods And Their Utilization Appliance Choice And The Demand For Electricity
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Author : Massachusetts Institute of Technology. Energy Laboratory
language : en
Publisher:
Release Date : 1982
Economic Theory And Estimation Of The Demand For Consumer Durable Goods And Their Utilization Appliance Choice And The Demand For Electricity written by Massachusetts Institute of Technology. Energy Laboratory and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Demand (Economic theory) categories.
The Durable Use Of Consumer Products
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Author : Michel Kostecki
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-14
The Durable Use Of Consumer Products written by Michel Kostecki and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-14 with Business & Economics categories.
Do we need a new car or a new refrigerator every ten years? What happens to our PC which is exchanged for a new model every three years? Why do our shoes last only a year or so, while those of our great grandfather served for a genera tion? Are businesses deliberately marketing products in a way which encourages sub-optimal use and induces consumers to buy new products? More and more consumers respond ''yes'' objecting to the business practices which reduce the life span of a product or pay no attention to efficiency in con sumption. The growing concem with sub-optimal use of consumer durables arises as a response to the volume of waste, as wen as to the growing conviction that over-consumption is encouraged by marketing techniques and approaches that favor lesser durability and sub-optimal use. There are signs that those things will have to change. Firstly, client orientation - a condition sine qua non of marketing success in the saturated markets of rich countries - is gaining popularity. Consumers are better informed and more influential and "intelligent consumption" is on the rise. Buyers are becoming more and more hostile towards marketing manipulation, inducing them to consume faster, more and at higher prices. The public increas ingly resists messages in advertisements (preventive resistance) which are pre dominantly persuasive (rather than educational or informative) and conceived to stimulate demand for the "new", the superficial and the fashionable.
The Consumer S Decision To Replace Durable Goods
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Author : Viviana Paulina Fernández
language : en
Publisher:
Release Date : 1997
The Consumer S Decision To Replace Durable Goods written by Viviana Paulina Fernández and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.
Microeconomic Modeling And Policy Analysis
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Author : Thomas G. Cowing
language : en
Publisher: Elsevier
Release Date : 2013-10-22
Microeconomic Modeling And Policy Analysis written by Thomas G. Cowing and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-22 with Business & Economics categories.
Microeconomic Modeling and Policy Analysis: Studies in Residential Energy Demand analyzes the aggregates and distributional impacts from alternative energy polices related to the energy demands of residential consumers. The book also analyzes the use of micro-simulation models in the study. The book examines three alternative energy policies and their possible impacts on the residential energy demand. The text describes models on energy use including general micro-simulation and micro-simulation as applied in ""Residential End-Use Energy Planning Systems"" (REEPS) and the Oak Ridge National Laboratory (ORNL) Residential Energy Consumption Model. The book describes REEPS as a model providing end-use specific forecasts of energy consumption at the household level. The text describes ORNL as a computationally simpler design but conceptually more complex one. The book then evaluates three different policy scenarios using each of these two models. The performance of REEPS and ORNL, as well as other dimensions of model projections, is examined. The implications regarding 1) policy analysis and 2) the use of micro simulation models are noted. The book then presents a table that summarizes the results of the comparative model evaluation. Energy policymakers, city and local government planning officials, development engineers, and environmentalists will find this book very relevant.
The Lifetime Of A Durable Good
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Author : G. Antonides
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
The Lifetime Of A Durable Good written by G. Antonides and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
As a psychologist by education, my interest is in how people solve problems. At the Economic Institute of Leyden Universi ty, I learned that economists study human behavior too, although their studies are limited to economic affairs. At the Institute of Scientific Research on Consumer Affairs became (SWOKA), I aware of the needs of consumer organizations and the government for consumer research to base their policy on. At Erasmus University Rotterdam, I got the opportunity to integrate my interests and knowledge into this book. The first part of the book attempts to integrate psychological theories of attitude, perception, motivation and decision into economics. Both disciplines are concerned with human behavior, and the economic paradigm of demand, subj ect to restrictions, is combined with the psychological tradition of direct measurements of perceptions and motivations. This results in a micro-model of economic choice that can be tested by means of information obtained directly from consumers. The empirical study deals with the problem of scrapping a durable consumption good. By means of a consumer survey, the micro-model of choice is applied to the decision to scrap a durable good, or to repair the good in case of a defect. This individual decision obviously is connected with the large scale problem of waste, and with the manufacturer's problem of producing durable goods with a certain quality and durabili ty.
Economics And Consumer Behavior
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Author : Angus Deaton
language : en
Publisher: Cambridge University Press
Release Date : 1980-05-30
Economics And Consumer Behavior written by Angus Deaton and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980-05-30 with Business & Economics categories.
For advanced courses in economic analysis, this book presents the economic theory of consumer behavior, focusing on the applications of the theory to welfare economies and econometric analysis.