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A Discrete/Continuous Choice Model on the Nonconvex Budget Set
http://hdl.handle.net/2261/53643
http://hdl.handle.net/2261/53643ef805322-6b6e-44dc-b21a-04b0c1e4f1aa
| Item type | テクニカルレポート / Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2013-05-31 | |||||
| タイトル | ||||||
| タイトル | A Discrete/Continuous Choice Model on the Nonconvex Budget Set | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Discrete/Continuous choice approach | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Nonconvex budget set | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Bayesian analysis | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Residential gas demand | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Hermite-Hadamard integral inequality | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL classification: C11, C24, D12 | |||||
| 資源タイプ | ||||||
| 資源 | http://purl.org/coar/resource_type/c_18gh | |||||
| タイプ | technical report | |||||
| アクセス権 | ||||||
| アクセス権 | metadata only access | |||||
| アクセス権URI | http://purl.org/coar/access_right/c_14cb | |||||
| 著者 |
Miyawaki, Koji
× Miyawaki, Koji× Omori, Yasuhiro× Hibiki, Akira |
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| 著者所属 | ||||||
| 著者所属 | School of Economics, Kwansai Gakuin University | |||||
| 著者所属 | ||||||
| 著者所属 | Faculty of Economics, University of Tokyo | |||||
| 著者所属 | ||||||
| 著者所属 | Faculty of Economics, Sophia University | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | The decreasing block rate pricing is a nonlinear price system often used for public utility services. The residential gas services in Japan and the United Kingdom are provided under this price schedule. The discrete/continuous choice approach is used to analyze the demand under decreasing block rate pricing. However, the nonlinearity problem, which has not been examined in previous studies, arises because a consumer's budget set (a set of affordable consumption amounts) is nonconvex and, hence, the resulting model includes highly nonlinear functions. To address this problem, we propose a feasible, efficient method of demand on the nonconvex budget. The advantages of our method are as follows: (i) the construction of an efficient Markov chain Monte Carlo algorithm with an efficient blanket based on the Hermite-Hadamard integral inequality and the power-mean inequality, (ii) the explicit consideration of the (highly nonlinear) separability condition, which often makes numerical likelihood maximization difficult, and (iii) the introduction of normal disturbance into the discrete/continuous choice model on the nonconvex budget set. The proposed method is applied to estimate the Japanese residential gas demand function and evaluate the effect of price schedule changes as a policy experiment. | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 本文フィルはリンク先を参照のこと | |||||
| 書誌情報 |
Discussion paper series. CIRJE-F 巻 CIRJE-F-881, 発行日 2013-03 |
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| 書誌レコードID | ||||||
| 収録物識別子タイプ | NCID | |||||
| 収録物識別子 | AA11450569 | |||||
| フォーマット | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | application/pdf | |||||
| 出版者 | ||||||
| 出版者 | 日本経済国際共同センター | |||||
| 出版者別名 | ||||||
| Center for International Research on the Japanese Economy | ||||||
| 関係URI | ||||||
| 識別子タイプ | URI | |||||
| 関連識別子 | http://www.cirje.e.u-tokyo.ac.jp/research/dp/2013/2013cf881ab.html | |||||
