Residential Demand for Electricity: A Consumer Panel Approach
1975; Wiley; Volume: 42; Issue: 2 Linguagem: Inglês
10.2307/1056769
ISSN2325-8012
AutoresRonald P. Wilder, John F. Willenborg,
Tópico(s)Economic and Environmental Valuation
ResumoEstimates of price elasticity based on a metropolitan household model suggest that, contrary to utility company views, electricity could be effectively rationed by raising the price. Relationships between size of residence, numbers of appliances, electricity demand, and electricity price indicate that the size of a residence and its stock of appliances correlate with family size, income, and race. Comparisons with past elasticity estimates suggest that electricity demand is determined more by income than by number of persons in a household. Energy consciousness and rising prices could result in middle and upper income families choosing smaller, more efficient residences. (DCK)
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