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Consumer Attitudes and Voluntary Rate Schedules for Public Utilities

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Author Info
Train, Kenneth E
McFadden, Daniel L
Goett, Andrew A

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Abstract

Attitudes enter as latent explanatory variables in a model of consumers' choice among optional rate schedules offered by a public utility. A consistent estimator of the choice model is described that utilizes the distribution of the latent attitude variables conditional on manifest indicator variables. The model is applied to households' choice between time-of-use and non-time-differentiated rates for electricity to determine the impact of attitudes about energy conservation. Copyright 1987 by MIT Press.

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Publisher Info
Article provided by MIT Press in its journal Review of Economics & Statistics.

Volume (Year): 69 (1987)
Issue (Month): 3 (August)
Pages: 383-91
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Handle: RePEc:tpr:restat:v:69:y:1987:i:3:p:383-91

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  1. Torgeir Ericson, . "Households' self-selection of a dynamic electricity tariff," Discussion Papers 446, Research Department of Statistics Norway. [Downloadable!]
  2. Erik T. Verhoef & Kenneth A. Small, 1999. "Product Differentiation on Roads: Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership," Tinbergen Institute Discussion Papers 99-066/3, Tinbergen Institute. [Downloadable!]
  3. Daniel McFadden & Kenneth Train, 2000. "Mixed MNL models for discrete response," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(5), pages 447-470. [Downloadable!]
  4. Gibson, Fiona L. & Burton, Michael, 2009. "Biased estimates in discrete choice models: the appropriate inclusion of psychometric data into the valuation of recycled wastewater," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 47943, Australian Agricultural and Resource Economics Society. [Downloadable!]
  5. Perrels, A. & Nijkamp, P., 1987. "Energy demand in a long-term perspective : possible implications of time scheduling," Serie Research Memoranda 0060, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
  6. Verhoef, Erik Teodoor & Small, Kenneth A., 1999. "Product Differentiation on Roads: Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership," ERSA conference papers ersa99pa358, European Regional Science Association. [Downloadable!]
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