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Demand for Durable and Nondurable Goods, Environmental Policy and Consumer Welfare

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  • Conrad, K
  • Schroder, M

Abstract

If a tax on energy affects the demand for a nondurable good, the stock of a durable good, and the proportion of the energy consumption per unit of service of the durable good, an integrated approach for investigating consumer demand for durables and nondurables is required. The purpose of this paper is to employ the concept of a variable expenditure function with quasi-fixed durable goods as arguments in order to derive a demand system for nondurable goods in prices of the nondurables, in the stocks of durables, and in variable expenditure. From the envelope condition desired stocks of durables can be calculated and investment demand for durables can be determined. For an application the authors choose a variable expenditure function based on the almost ideal demand specification, and evaluate alternative environmental policy measures using the equivalent variation for comparing the welfare effects. Copyright 1991 by John Wiley & Sons, Ltd.

Suggested Citation

  • Conrad, K & Schroder, M, 1991. "Demand for Durable and Nondurable Goods, Environmental Policy and Consumer Welfare," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 6(3), pages 271-286, July-Sept.
  • Handle: RePEc:jae:japmet:v:6:y:1991:i:3:p:271-86
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    Cited by:

    1. Kletzan, Daniela & Koppl, Angela & Kratena, Kurt & Schleicher, Stefan & Wuger, Michael, 2006. "Towards sustainable consumption: Economic modelling of mobility and heating for Austria," Ecological Economics, Elsevier, vol. 57(4), pages 608-626, June.
    2. Kurt KRATENA & Ina MEYER & Michael WUEGER, "undated". "Modelling the Energy Demand of Households in a Combined Top Down/Bottom Up Approach," EcoMod2008 23800069, EcoMod.
    3. Erno Zalai, 1998. "Computable Equilibrium Modelling and Application to Economies in Transition," CERT Discussion Papers 9804, Centre for Economic Reform and Transformation, Heriot Watt University.
    4. De Borger, Bruno, 2000. "Optimal two-part tariffs in a model of discrete choice," Journal of Public Economics, Elsevier, vol. 76(1), pages 127-150, April.
    5. Klaus Conrad & Andreas Löschel, 2005. "Recycling of eco-taxes, labor market Effects and the true cost of labor - A CGE analysis," Journal of Applied Economics, Universidad del CEMA, vol. 8, pages 259-278, November.
    6. Conrad, Klaus & Schmidt, Tobias F. N., 1995. "National economic impacts of an EU environmental policy: an applied general equilibrium analysis," ZEW Discussion Papers 95-22, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    7. P. Capros & Denise Van Regemorter & Leonidas Paroussos & P. Karkatsoulis & C. Fragkiadakis & S. Tsani & I. Charalampidis & Tamas Revesz, 2013. "GEM-E3 Model Documentation," JRC Working Papers JRC83177, Joint Research Centre (Seville site).
    8. Inge Mayeres, 1999. "The Distributional Impacts of Policies for the Control of Transport Externalities.An Applied General Equilibrium Model," Working Papers 1999.8, Fondazione Eni Enrico Mattei.
    9. Lyons, Sean & Mayor, Karen & Tol, Richard S.J., 2009. "Convergence of consumption patterns during macroeconomic transition: A model of demand in Ireland and the OECD," Economic Modelling, Elsevier, vol. 26(3), pages 702-714, May.
    10. Maisonnave, Hélène & Pycroft, Jonathan & Saveyn, Bert & Ciscar, Juan-Carlos, 2012. "Does climate policy make the EU economy more resilient to oil price rises? A CGE analysis," Energy Policy, Elsevier, vol. 47(C), pages 172-179.
    11. Chitnis, Mona & Sorrell, Steve, 2015. "Living up to expectations: Estimating direct and indirect rebound effects for UK households," Energy Economics, Elsevier, vol. 52(S1), pages 100-116.
    12. Matsukawa, Isamu & Ito, Nariyasu, 1998. "Household ownership of electric room air conditioners," Energy Economics, Elsevier, vol. 20(4), pages 375-387, September.
    13. Nilsson, Charlotte, 1999. "A Unilateral Versus a Multilateral Carbon Dioxide Tax - A Numerical Analysis with the European Model GEM-E3," Working Papers 66, National Institute of Economic Research.
    14. Dongfeng Chang & Apostolos Serletis, 2014. "The Demand For Gasoline: Evidence From Household Survey Data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 29(2), pages 291-313, March.
    15. Kurt Kratena & Michael Wüger, 2008. "Combining a Demand System with the Household Production Approach. Modelling Energy Demand in Selected European Countries," WIFO Working Papers 311, WIFO.
    16. Isamu Matsukawa, 2005. "The Benefits of Information on the Efficient Usage of Consumer Durables," Others 0501005, EconWPA.
    17. Bernard Delhausse & Sergio Perelman & Bernard Thiry, 1992. "Substituabilité partielle des facteurs et efficacité-coût : l'exemple des transports urbain et vicinal belges," Économie et Prévision, Programme National Persée, vol. 102(1), pages 105-115.
    18. repec:pid:journl:v:55:y:2016:i:4:p:605-618 is not listed on IDEAS

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