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Flexible Mixed Logit with Posterior Analysis: Eliciting Willingness to Pay for Grid Resilience

Author

Listed:
  • Laura-Lucia Richter

    (Faculty of Economics and Energy Policy Research Group University of Cambridge)

  • Melvyn Weeks

    (Faculty of Economics and Clare College University of Cambridge)

Abstract

No abstract is available for this item.

Suggested Citation

  • Laura-Lucia Richter & Melvyn Weeks, 2016. "Flexible Mixed Logit with Posterior Analysis: Eliciting Willingness to Pay for Grid Resilience," Working Papers EPRG 1615, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    • Handle: RePEc:enp:wpaper:eprg1615
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    File URL: https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1615.pdf
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    More about this item

    Keywords

    Willingness-to-Pay; electricity service quality; mixed logit; social welfare;
    All these keywords.

    JEL classification:

    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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