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Bayesian Estimation of Demand Functions under Block-Rate Pricing
http://hdl.handle.net/2261/33406
http://hdl.handle.net/2261/334069ca7d083-0f48-403b-86ab-b5133a303d9f
| Item type | テクニカルレポート / Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2017-01-17 | |||||
| タイトル | ||||||
| タイトル | Bayesian Estimation of Demand Functions under Block-Rate Pricing | |||||
| 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 | Markov chain Monte Carlo method | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Piecewise-linear budget constraint | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Residential water demand | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Separability conditionl | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL classification: C11, C24, Q25. | |||||
| 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 | National Institute for Environmental Studies, Japan | |||||
| 著者所属 | ||||||
| 著者所属 | Faculty of Economics, University of Tokyo, Japan | |||||
| 著者所属 | ||||||
| 著者所属 | National Institute for Environmental Studies, Japan | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | This article proposes a Bayesian estimation of demand functions under block-rate pricing by focusing on increasing block-rate pricing. This is the first study that explicitly considers the separability condition which has been ignored in previous literature. Under this pricing structure, the price changes when consumption exceeds a certain threshold and the consumer faces a utility maximization problem subject to a piecewise-linear budget constraint. Solving this maximization problem leads to a statistical model in which model parameters are strongly restricted by the separability condition. In this article, by taking a hierarchical Bayesian approach, we implement a Markov chain Monte Carlo simulation to properly estimate the demand function. We find, however, that the convergence of the distribution of simulated samples to the posterior distribution is slow, requiring an additional scale transformation step for parameters to the Gibbs sampler. These proposed methods are then applied to estimate the Japanese residential water demand function. | |||||
| 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-712, 発行日 2010-01 |
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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 | |||||
| 日本十進分類法 | ||||||
| 主題Scheme | NDC | |||||
| 主題 | 335 | |||||
| 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/2010/2010cf712ab.html | |||||
| 置換する | ||||||
| 関連タイプ | replaces | |||||
| 識別子タイプ | URI | |||||
| 関連識別子 | http://hdl.handle.net/2261/26685 | |||||
