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Heating Costs And Household Wood Stove Acquisition: A Discrete Choice Demand Model

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  • Scodari, Paul F.
  • Hardie, Ian W.

Abstract

This paper examines the acquisition of wood stoves by New Hampshire households through use of a utility-maximizing discrete choice model. The analysis is based on the hypothesis that wood stoves are acquired to decrease the monetary costs of home-heating. Operating costs associated with heating with conventional fuel burning capital and with a combination of conventional and wood stove heating capital are estimated. These operating costs are used to estimate probabilities of 1979 wood stove acquisition for particular types of New Hampshire households.

Suggested Citation

  • Scodari, Paul F. & Hardie, Ian W., . "Heating Costs And Household Wood Stove Acquisition: A Discrete Choice Demand Model," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 14(1), pages 1-6.
    • Handle: RePEc:ags:nejare:28935
    DOI: 10.22004/ag.econ.28935
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    References listed on IDEAS

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    1. Jerry A. Hausman, 1979. "Individual Discount Rates and the Purchase and Utilization of Energy-Using Durables," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 33-54, Spring.
    2. Bailey, Mark R. & Wheeling, Paul R., 1982. "Wood and Energy in Maine," Staff Reports 324664, United States Department of Agriculture, Economic Research Service.
    3. Bailey, Mark R. & Wheeling, Paul R., 1982. "Wood and Energy in New Hampshire," Staff Reports 324663, United States Department of Agriculture, Economic Research Service.
    4. Lee, Lung-Fei & Trost, Robert P., 1978. "Estimation of some limited dependent variable models with application to housing demand," Journal of Econometrics, Elsevier, vol. 8(3), pages 357-382, December.
    5. Bailey, Mark R. & Wheeling, Paul R., 1982. "Wood and Energy in Vermont," Staff Reports 324662, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. Song, Nianfu & Aguilar, Francisco X. & Shifley, Stephen R. & Goerndt, Michael E., 2012. "Factors affecting wood energy consumption by U.S. households," Energy Economics, Elsevier, vol. 34(2), pages 389-397.
    2. Karytsas, Spyridon & Theodoropoulou, Helen, 2014. "Public awareness and willingness to adopt ground source heat pumps for domestic heating and cooling," Renewable and Sustainable Energy Reviews, Elsevier, vol. 34(C), pages 49-57.

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