02588nam a2200313 i 4500 CSPC 20260323105452.0 260323c ph r i 00 0 eng d 1655-5236 CSPC eng CSPC rda Measuring willingness to pay for electricity. Manila : Asian Development Bank, 2002. volumes : illustration ; 28 cm. rdacontent text rdamedia unmediated rdacarrier volume 2002, Number 3 ERD technical note series no.3 economics and research department Includes bibliographical references Introduction -- Derivation of the electricity demand function -- The household demand for electricity --The firms demand for electricity -- A functional form for the demand for electricity -- An illustrative example -- Conclusins -- Appendix -- References. The measurement of willingness to pay for electricity relies critically on a reliable estimate of the demands for electricity function. However, standard microeconomic theory falls short in providing a plausible framework within which such estimation could be made, at least in the case of electricity. Empirical work to date generally tends to assume that the demand for electricity has no satiation point. Many electricity demand models assume a constant price elasticity, which implies infinite demand at low prices. Many demand models also do not allow for the possibility of goods at zero price because the price variable is in logarithmic form for which zero is undefined. The purpose of this technical note is to propose a plausible functional form for the demand for electricity. The proposed functional form is consistent with two properties of electricity demand functions for households and firms, namely, the negative relationship between price and quantity, and the finiteness of demand at zero price. The technical note also demonstrates that this functional form of the demand function leads to easily estimable economic benefits of electricity. Willingness to pay Periodicals. Electric utilitie Rates Periodicals. Energy consumption Economic aspects Periodicals. Consumer behavior Periodicals. Choynowski, Peter., editor. ddc 0 SERIALS 333.793 M463 SER 2002 0 0 ddc 0 1 CSPC CSPC SER 2026-03-23 2002, Number 3 0 Ser BUSS 13 n.3 2002 01681S 2026-03-23 10:57:25 1-5 2026-03-23 SERIALS Journal 0 0 ddc 0 1 CSPC CSPC SER 2026-03-23 2002, Number 3 0 Ser BUSS 13 n.3 2002 01682S 2026-03-23 10:58:57 2-5 2026-03-23 SERIALS Journal 0 0 ddc 0 1 CSPC CSPC SER 2026-03-23 2002, Number 3 0 Ser BUSS 13 n.3 2002 01683S 2026-03-23 10:59:30 3-5 2026-03-23 SERIALS Journal 0 0 ddc 0 1 CSPC CSPC SER 2026-03-23 2002, Number 3 0 Ser BUSS 13 n.3 2002 01684S 2026-03-23 11:00:20 4-5 2026-03-23 SERIALS Journal 0 0 ddc 0 1 CSPC CSPC SER 2026-03-23 2002, Number 3 0 Ser BUSS 13 n.3 2002 01685S 2026-03-23 11:01:49 5-5 2026-03-23 SERIALS Journal 32148 32148