TY - JOUR
T1 - Panel data analysis of japanese residential water demand using a discrete/continuous choice approach
AU - Miyawaki, Koji
AU - Omori, Yasuhiro
AU - Hibiki, Akira
PY - 2011/9
Y1 - 2011/9
N2 - Block rate pricing is often applied to income taxation, telecommunication services, and brand marketing, in addition to its best-known application in public utility services. Under block rate pricing, consumers face piecewise-linear budget constraints. A discrete/continuous choice approach is usually used to account for piecewise-linear budget constraints in demand and price endogeneity. A recent study proposed a method to incorporate a separability condition ignored by previous studies, by implementing a Markov chain Monte Carlo simulation based on a hierarchical Bayesian approach. To extend this approach to panel data, our study proposes Bayesian hierarchical models incorporating random and fixed individual effects.
AB - Block rate pricing is often applied to income taxation, telecommunication services, and brand marketing, in addition to its best-known application in public utility services. Under block rate pricing, consumers face piecewise-linear budget constraints. A discrete/continuous choice approach is usually used to account for piecewise-linear budget constraints in demand and price endogeneity. A recent study proposed a method to incorporate a separability condition ignored by previous studies, by implementing a Markov chain Monte Carlo simulation based on a hierarchical Bayesian approach. To extend this approach to panel data, our study proposes Bayesian hierarchical models incorporating random and fixed individual effects.
KW - C11
KW - C23
KW - C24
KW - Q25
UR - http://www.scopus.com/inward/record.url?scp=80052045022&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=80052045022&partnerID=8YFLogxK
U2 - 10.1111/j.1468-5876.2010.00532.x
DO - 10.1111/j.1468-5876.2010.00532.x
M3 - Article
AN - SCOPUS:80052045022
VL - 62
SP - 365
EP - 386
JO - Japanese Economic Review
JF - Japanese Economic Review
SN - 1352-4739
IS - 3
ER -