Journal ArticleDOI
Customers' Choice Among Retail Energy Suppliers: The Willingness-to-Pay for Service Attributes
TLDR
In this paper, the authors examined small/medium commercial and industrial customers' choices among energy suppliers in conjoint-type experiments and estimated the distribution of customers' willingness to pay for more than 40 attributes of suppliers, including sign-up bonuses, amount and type of renewables, billing options, bundling with other services, reductions in voltage fluctuations, and charitable contributions.Abstract:
We examine small/medium commercial and industrial customers' choices among energy suppliers in conjoint-type experiments The distribution of customers' willingness to pay is estimated for more than 40 attributes of suppliers, including sign-up bonuses, amount and type of renewables, billing options, bundling with other services, reductions in voltage fluctuations, and charitable contributions These estimates provide guidance for suppliers in designing service options and to economists in anticipating the services that will be offered in competitive retail energy marketsread more
Citations
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Journal ArticleDOI
Economic Perspectives on Corporate Social Responsibility
TL;DR: The authors synthesize the expanding corporate social responsibility (CSR) literature from an economic perspective and develop a CSR taxonomy that connects disparate approaches to the subject and explore whether CSR should exist and investigate conditions when CSR may produce higher welfare than other public good provision channels.
Journal ArticleDOI
Models of Decision Making and Residential Energy Use
Charlie Wilson,Hadi Dowlatabadi +1 more
TL;DR: In this paper, four diverse perspectives are reviewed, including conventional and behavioral economics, technology adoption theory and attitude-based decision making, social and environmental psychology, and sociology, applied to decisions affecting residential energy use.
Journal ArticleDOI
Causal relationship between energy consumption and gdp revisited: the case of korea 1970-1999
Wankeun Oh,Kihoon Lee +1 more
TL;DR: In this article, a multivariate model of capital, labor, energy and GDP is applied to investigate the causal relationship between energy consumption and economic growth, and the source of causality in the long run is found to be the error correction terms in both directions.
Journal ArticleDOI
Generalized random utility model
Joan L. Walker,Moshe Ben-Akiva +1 more
TL;DR: A practical, generalized model that integrates many enhancements that have been made to RUM is presented that encompasses all models, describes each enhancement, and shows relationships between models including how they can be integrated.
Journal ArticleDOI
A multivariate causality test of carbon dioxide emissions, energy consumption and economic growth in China
TL;DR: The authors used multivariate co-integration Granger causality tests to investigate the correlations between carbon dioxide emissions, energy consumption and economic growth in China, and found that the adoption of a reduction in CO2 emissions and energy consumption as a long term policy goal will result in a closed-form relationship, to the detriment of the economy.
References
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Book
Stated Choice Methods: Analysis and Applications
TL;DR: In this article, stated preference models and methods are presented for choosing a residential telecommunications bundle and a choice model for a particular set of products and services, as a way of life for individuals.
Journal ArticleDOI
Mixed mnl models for discrete response
Daniel McFadden,Kenneth Train +1 more
TL;DR: In this article, the adequacy of a mixing specification can be tested simply as an omitted variable test with appropriately definedartificial variables, and a practicalestimation of aarametricmixingfamily can be run by MaximumSimulated Likelihood EstimationorMethod ofSimulatedMoments, andeasilycomputedinstruments are provided that make the latter procedure fairly eAcient.
Journal ArticleDOI
Mixed logit with repeated choices: households' choices of appliance efficiency level
David Revelt,Kenneth Train +1 more
TL;DR: Mixed logit as mentioned in this paper is a generalization of standard logit that does not exhibit the restrictive independence from irrelevant alternatives property and explicitly accounts for correlations in unobserved utility over repeated choices by each customer.