Habits and rational behaviour in residential electricity demand

被引：25

作者：

Filippini, Massimo ^{[1
,2
]}

Hirl, Bettina ^{[1
]}

Masiero, Giuliano ^{[1
,3
]}

机构：

[1] USI, Inst Econ IdEP, Lugano, Switzerland

[2] Swiss Fed Inst Technol, Dept Management Technol & Econ, Zurich, Switzerland

[3] Univ Bergamo, Dept Management Informat & Prod Engn DIGIP, Bergamo, Italy

来源：

RESOURCE AND ENERGY ECONOMICS | 2018年 / 52卷

关键词：

Residential electricity; Partial adjustment models; Dynamic panel data models; Rational habits; PANEL-DATA; ENERGY DEMAND; EMPIRICAL-ANALYSIS; ELASTICITIES; PRICE; CONSUMPTION; ESTIMATORS; EFFICIENCY; MODELS; STATES;

D O I：

10.1016/j.reseneeco.2018.01.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Households make an investment analysis when buying new electrical appliances. Therefore, expectations about future electricity consumption may have an impact on current consumption and investment decisions. Dynamic partial adjustment models of residential electricity demand neglect rational consumer behaviour. In this paper we propose a model for residential electricity demand that allows for forward-looking behaviour. We estimate lead consumption models using two stages least squares fixed effects on a panel of 48 US states between 1995 and 2011. We find that expectations about future consumption have an impact on current consumption decisions. This novel approach may improve our understanding of the dynamics of residential electricity demand and the evaluation of the effects of energy policies. (C) 2018 Elsevier B.V. All rights reserved.

引用

页码：137 / 152

页数：16

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