000			02588nam a2200313 i 4500
003			CSPC
005			20260323105452.0
008			260323c ph r i 00 0 eng d
022			_a1655-5236
040			_aCSPC _beng _cCSPC _erda
245	0	0	_b _aMeasuring willingness to pay for electricity.
264		1	_aManila : _bAsian Development Bank, _c2002.
300			_avolumes : _billustration ; _c28 cm.
336			_2rdacontent _atext
337			_2rdamedia _aunmediated
338			_2rdacarrier _avolume
362			_a2002, Number 3
490		1	_aERD technical note series no.3 economics and research department
504			_aIncludes bibliographical references
505	0		_aIntroduction -- 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.
520	3		_aThe 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.
650		4	_aWillingness to pay _xPeriodicals.
650		4	_aElectric utilitie _2Rates _xPeriodicals.
650		4	_aEnergy consumption _2Economic aspects _xPeriodicals.
650		4	_aConsumer behavior _xPeriodicals.
700		1	_aChoynowski, Peter., _eeditor.
942			_2ddc _n0 _cSERIALS _h333.793 _iM463 _kSER _m2002
999			_c32148 _d32148