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Duality-Based Bayesian Analysis of Residential Gas Demand under Decreasing Block Rate Pricing
http://hdl.handle.net/2261/8036
http://hdl.handle.net/2261/803688c24931-978b-4f41-9fee-b5f346c76e79
Item type | テクニカルレポート / Technical Report(1) | |||||
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公開日 | 2017-01-17 | |||||
タイトル | ||||||
タイトル | Duality-Based Bayesian Analysis of Residential Gas Demand under Decreasing Block Rate Pricing | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Block rate pricing | |||||
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 | Duality | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Bayesian analysis | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Markov chain Monte Carlo | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | JEL Classification: C11, D12, Q41 | |||||
資源タイプ | ||||||
資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||
資源タイプ | 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 |
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著者所属 | ||||||
値 | Graduate School of Economics, University of Tokyo | |||||
著者所属 | ||||||
値 | Faculty of Economics, University of Tokyo | |||||
抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | This paper discusses a novel Bayesian estimation method for the residential gas demand function in Japan where the price per unit decreases as the demand exceeds certain thresholds. Such a price system is known as decreasing block rate pricing. The demand function under decreasing block rate pricing is derived by using the well-known discrete/continuous choice approach. However, because of the nonconvex budget set, the conventional approach imposes highly nonlinear constraints on the model parameters, thus making the maximization of the likelihood function under such constraints difficult to implement. To overcome this difficulty, we first apply the duality relationship in consumer theory, and approximate the conditional expenditure in order to linearize these nonlinear constraints. Then, we adopt a Bayesian approach with the Markov chain Monte Carlo simulation in order to estimate the model parameters under linear constraints. Our proposed method is illustrated by a numerical example and is adopted to analyze the demand for residential gas in Japan. | |||||
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-506, 発行日 2007-08 |
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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 | 330 | |||||
出版者 | ||||||
出版者 | 日本経済国際共同センター | |||||
出版者別名 | ||||||
値 | 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/2007/2007cf506ab.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/2261/38080 |