A Proposed Modification of Taylor's Demand Analysis: Comment
AbstractIn estimating demand functions for electricity, it is inappropriate to use as a variable (in addition to marginal price) either average price for blocks other than the final one or total payment for blocks other than the final one. It is appropriate to use (in addition to marginal price) a variable equivalent to a lump-sum payment the customer must make before buying as many units as he wants, at the marginal price.
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Bibliographic InfoArticle provided by The RAND Corporation in its journal Bell Journal of Economics.
Volume (Year): 7 (1976)
Issue (Month): 2 (Autumn)
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- Miguel Bacharach & William J. Vaughan, 1994. "Household Water Demand Estimation," IDB Publications 25218, Inter-American Development Bank.
- Corral, Leonardo & Fisher, Anthony C. & Hatch, Nile W., 1998. "Price And Non-Price Influences On Water Conservation: An Econometric Model Of Aggregate Demand Under Nonlinear Budget Constraint," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20958, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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