Template-Type: ReDIF-Article 1.0
Author-Name:  Christopher Garbacz
Title:  Residential Electricity Demand: A Suggested Appliance Stock Equation
Classification-JEL: F0
Pages:  151-154
Volume:  Volume 5
Issue:  Number 2
Year:  1984
Abstract:  A large amount of work in residential electricity demand has relied on logit estimation of a disaggregated appliance stock. (See the seminal work by McFadden et al., 1977.) While this approach may be suitable for certain types of models with certain goals in mind, a simple formulation of an appliance stock equation may sometimes be appropriate. For example, if the goal is to estimate seasonal patterns in elasticities employing a national micro-data set (as in the National Interim Energy Consumption Survey 1978-1979; see U.S. Department of Energy, 1980), then it may be appropriate to develop an appliance stock equation to predict the size of an appliance stock index (approximating a continuous variable). The present appliance stock equation is part of a three-equation model that is estimated in log-linear form via 2SLS.
Handle: RePEc:aen:journl:1984v05-02-a11
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=1645
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