Measuring Willingness to Pay for Electricity is popular PDF and ePub book, written by Peter Choynowski in 2008-05, it is a fantastic choice for those who relish reading online the Technology & Engineering genre. Let's immerse ourselves in this engaging Technology & Engineering book by exploring the summary and details provided below. Remember, Measuring Willingness to Pay for Electricity can be Read Online from any device for your convenience.
Measuring Willingness to Pay for Electricity Book PDF Summary
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.
Detail Book of Measuring Willingness to Pay for Electricity PDF
- Author : Peter Choynowski
- Release : 01 May 2008
- Publisher : DIANE Publishing
- ISBN : 9781437900545
- Genre : Technology & Engineering
- Total Page : 26 pages
- Language : English
- PDF File Size : 9,7 Mb
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