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Measuring Willingness to Pay for Electricity
Peter Choynowski
出版DIANE Publishing, 2008-05
主題Technology & Engineering / General
ISBN14379005429781437900545
URLhttp://books.google.com.hk/books?id=k9V27Vuq6QkC&hl=&source=gbs_api
EBookSAMPLE
註釋The measurement of willingness to pay for electricity relies critically on a reliable estimate of the demand for electricity function. Empirical work tends to assume that the demand for electricity has no satiation point. Many electricity demand models assume a constant price elasticity, which implies infinite demand at low prices. This report proposes a plausible functional form for the demand of electricity. The proposed functional form is consistent with two properties of electricity demand functions for households & firms, namely, the negative relationships between price & quantity, & the finiteness of demand at zero price. The report also demonstrates that this functional form of the demand function leads to easily estimable economic benefits of electricity.