Unobservables in Consumer Choice: Residential Energy and the Demand for Comfort
建立了一个住宅能源消费模型,区分住房的直接属性与生产最终商品(如热舒适)的投入属性,利用年度住房调查数据估算模型,并计算能源价格变化对住房、住宅能源及其他商品消费的影响。
A model of consumption of residential energy in dwellings is developed, distinguishing between attributes of housing that provide direct benefits to consumers and attributes that serve as inputs in the production of final goods, for example, the thermal comfort of dwellings. Empirical estimates are made of the mode, based upon the Annual Housing Survey, and the results are used to calculate the effects of changes in energy prices on the consumption of housing, residential energy, and other goods. The analysis suggests that the adjustment process within the housing market permits a great deal of substitution in response to energy price changes. Copyright 1989 by MIT Press.