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Generalized Mixed Estimation Of A Multinomial Discretecontinuous Choice Model For Electricity Demand

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Author Info
Pene Kalulumia () (Département d'économique, Université de Sherbrooke)
Denis Bolduc (GREEN Département d'économique Université Laval, Québec G1K 7P4)

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Abstract

In this paper, we applied the generalized mixed estimation approach to the problem of estimating the Quebec residential electricity demand for space and water heating. A multinomial discrete-continuous choice model is used and estimated in two stages. The discrete choice is modelled as a multinomial probit model, while the continuous choice is estimated from a reduced form approach which corrects for the simultaneity biases. The results indicate that the GM estimator which combines prior and sample information dominates the classical ML estimator of the MNP models and hence, provides better prevision for electricity consumption. Evidence also shows that heating-system capital and operating costs, households characteristics, and energy prices have a significant impact on the choice of heating systems and electricity use. In particular, price substitution effects are well predicted.

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Publisher Info
Paper provided by Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke in its series Cahiers de recherche with number 04-01.

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Length: 27 pages
Date of creation: 2004
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Handle: RePEc:shr:wpaper:04-01

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Related research
Keywords: Generalized mixed estimator residential electricity demand multinomial probit discretecontinuous choice.

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Find related papers by JEL classification:
C - Mathematical and Quantitative Methods
C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Estimation
C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  3. Truchon, Michel & Téjédo, Cyril, 2002. "Monotonicity and Bounds for Cost Shares under the Path Serial Rule," Cahiers de recherche 0203, Université Laval - Département d'économique. [Downloadable!]
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    Other versions:
  8. Pene Kalulumia, 2002. "Effects of government debt on interest rates: evidence from causality tests in johansen-type models," Cahiers de recherche 02-07, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke. [Downloadable!]
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  12. Cyril Téjédo & Michel Truchon, 2002. "Monotonicity and Bounds for Cost Shares under the Path Serial Rule," CIRANO Working Papers 2002s-43, CIRANO. [Downloadable!]
  13. Paul Makdissi & Quentin Wodon, . "Environmental Regulation and Economic Growth under Education Externalities," Cahiers de recherche 02-12, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke, revised 2004. [Downloadable!]
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    Other versions:
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    Other versions:
  16. Paul Makdissi & Quentin Wodon, 2001. "Fuel Poverty and Access to Electricity:\\ Comparing Households When They Differ in Needs," Cahiers de recherche 01-03, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke, revised 2004. [Downloadable!]
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    Other versions:
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    Other versions:
  22. Petr Hanel, 2003. "Impact of innovation motivated by environmental concerns and government regulations on firm performance: a study of survey data," Cahiers de recherche 03-09, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke. [Downloadable!]
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  30. Paul Makdissi & Quentin Wodon, 2003. "Gini Decomposition and Gini Income Elasticity Under Income Variability," Cahiers de recherche 03-01, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke, revised 2004. [Downloadable!]
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    Other versions:
  33. Mario Fortin & André Leclerc, 2000. "Demographic Changes and Real Housing Prices in Canada," Cahiers de recherche 00-06, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke. [Downloadable!]
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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Petr Hanel, 2003. "Impact Of Government Support Programs On Innovation By Canadian Manufacturing Firms," Cahiers de recherche 04-02, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke. [Downloadable!]
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