Estimation of residential electricity demand function in Seoul by correction for sample selection bias

Yoo, Seung‐Hoon; Lee, Joo Suk; Kwak, Seung Jun

doi:10.1016/j.enpol.2007.06.009

Cited by 63 publications

(45 citation statements)

References 20 publications

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“…The effect of rural location is in line with prior results. 28 The tests for recombination of categories and the Hausman test do not provide any conflicting evidence with our approach chosen. The Wald test reports significance for all variables include.…”

Section: Results For Owners and Rentersmentioning

confidence: 92%

“…Further research following this discrete-continuous method are Yoo et al (2007) for Korea, Liao and Chang (2002) for the U.S. and for Norway Nesbakken (1999) and Vaage (2000). Both Nesbakken (1999) and Vaage (2000) rely on household-specific variables to explain the choice of appliances, whereas Yoo et al (2007) use a logit model to control for sample selection bias due to non-response.…”

mentioning

confidence: 99%

“…Both Nesbakken (1999) and Vaage (2000) rely on household-specific variables to explain the choice of appliances, whereas Yoo et al (2007) use a logit model to control for sample selection bias due to non-response. Notably, Vaage (2000) is one of the few contributions including several fuel types and combinations of heating types.…”

mentioning

confidence: 99%

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Determinants of households’ space heating type: A discrete choice analysis for German households

Braun

2010

Energy Policy

113

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Section: Results For Owners and Rentersmentioning

confidence: 92%

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confidence: 99%

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Determinants of households’ space heating type: A discrete choice analysis for German households

Braun

2010

Energy Policy

113

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“…Holtedahl and Joutz (2004) took the disposable income per household, population growth, electricity price and urbanization level into consideration while predicting The electrical demand for residents in Taiwan. Yoo et al, expressed the residential electricity consumption in Seoul as a function of size of family, size of house, dummy for having a plasma display panel television, dummy for having an air conditioner, and the income per household [19]. Dilaver and Hunt considered electrical demand for residents in Turkish, and regarded it as a function that consumer of household total final consumption expenditure and electricity price of residents.…”

Section: Literature Reviewmentioning

confidence: 99%

Empirical Analysis of Demand for residential electricity in Beijing: An Application of Co-Integration Techniques and Error-Correction Model

Zhang¹,

Wang²,

Ding³

et al. 2017

IJUNESST

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“…They find considerable amount of heterogeneity in the estimated elasticities. Yoo et al (2007) use survey data from 380 households in Seoul and a bivariate model to account for sample selection. They find significant sample selection bias and also find that a plasma TV or an air conditioner has a significant positive impact in residential consumption in Seoul.…”

Section: Introductionmentioning

confidence: 99%

Going Beyond Tradition: Estimating Residential Electricity Demand Using an Appliance Index and Energy Services

2014

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Università della Svizzera italiana Terms of use: Documents in July, 2014AbstractIn this paper we estimate the long-and short-run price elasticities of residential electricity consumption in Switzerland from a household survey by constructing an index of the stock of household appliances as well as by using energy services. We create the index by aggregating the information on the major household appliances. The index is used to estimate the impact of appliances on residential electricity demand. Furthermore, we also use energy services to estimate the electricity demand. We adopt an instrumental variables approach to obtain consistent estimates of the price elasticity to account for potential endogeneity concerns with the average price as well as the appliance index. Our results suggest that the price elasticity is around -0.6. We conclude that Swiss households are price inelastic in electricity prices. This can be used for policy makers as well as by utility companies to design pricing instruments to modify electricity consumption. We also find that estimates of the electricity demand when we substitute the usual residential characteristics with energy services are quite comparable.Keywords: Residential electricity, appliance stock index, energy services, instrumental variables. JEL Classification Codes: D, D1, Q, Q4, Q5. * We are grateful to the Bundesamt für Energie (Swiss Federal Office of Energy) for financial support. We would also like to thank the Verband der Schweizerischen Elektrizitätsunternehmen for providing us with the household survey data. Furthermore, we would like to thank Jürg Nipkow from the Schweizerische Agentur für Energie Effizienz and Stefan Rüesch from Comparis.ch AG for providing us with additional data. We would like to thank seminar participants at

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Estimation of residential electricity demand function in Seoul by correction for sample selection bias

Cited by 63 publications

References 20 publications

Determinants of households’ space heating type: A discrete choice analysis for German households

Determinants of households’ space heating type: A discrete choice analysis for German households

Empirical Analysis of Demand for residential electricity in Beijing: An Application of Co-Integration Techniques and Error-Correction Model

Going Beyond Tradition: Estimating Residential Electricity Demand Using an Appliance Index and Energy Services

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