Heating technology and energy use: a discrete/continuous choice approach to Norwegian household energy demand
The paper discusses how this relatively strong price response should be interpreted in the context of other econometric analysis with no explicit appliance dependence. Finally, the significance of the many household charcteristics at both stages of the model signals a high degree of heterogeneity within the households, which justifies the use of detailed micro-data in the modelling of the energy demand.
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References listed on IDEAS
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- Hanemann, W Michael, 1984. "Discrete-Continuous Models of Consumer Demand," Econometrica, Econometric Society, vol. 52(3), pages 541-561, May.
- Dubin, Jeffrey A & McFadden, Daniel L, 1984. "An Econometric Analysis of Residential Electric Appliance Holdings and Consumption," Econometrica, Econometric Society, vol. 52(2), pages 345-362, March.
- Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
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