Demand systems with heteroscedastic disturbances
Sign Up to like & getrecommendations! Published in 2018 at "Empirical Economics"
DOI: 10.1007/s00181-018-1599-0
Abstract: We address the estimation of singular demand systems with heteroscedastic disturbances. We relax the homoscedasticity assumption and instead assume that the covariance matrix of the errors of the demand system is time varying. In doing… read more here.
Keywords: demand system; demand systems; systems heteroscedastic; heteroscedastic disturbances ... See more keywords
Between preferences and references: Asymmetric price elasticities and the simulation of fiscal policies
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Economic Behavior and Organization"
DOI: 10.1016/j.jebo.2020.09.016
Abstract: Abstract Canonical demand studies and fiscal policy simulations rest on the assumption that consumers react symmetrically to price increases and decreases. Such assumption has been challenged from both the empirical and theoretical points of view.… read more here.
Keywords: asymmetric price; price; references asymmetric; preferences references ... See more keywords
Estimating demand systems with corner solutions: the performance of Tobit-based approaches
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DOI: 10.1080/00036846.2024.2313989
Abstract: ABSTRACT Since the introduction of the Tobit framework to perform estimation involving censored dependent variables, practitioners have been facing a clear trade-off between flexibility and theoretical plausibility in modelling consumers’ preferences in the presence of… read more here.
Keywords: demand systems; tobit based; performance; demand ... See more keywords
Meeting Inelastic Demand in Systems With Storage and Renewable Sources
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DOI: 10.1109/smartgridcomm.2014.7007629
Abstract: We consider a system where inelastic demand for electric power is met from three sources: 1) the grid; 2) in-house renewables such as solar panels; and 3) an in-house energy storage device. In our setting,… read more here.
Keywords: inelastic demand; systems storage; meeting inelastic; demand systems ... See more keywords