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Energy Consumption for Space Heating: A Discrete–Continuous Approach
Author(s) -
Nesbakken Runa
Publication year - 2001
Publication title -
scandinavian journal of economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.725
H-Index - 64
eISSN - 1467-9442
pISSN - 0347-0520
DOI - 10.1111/1467-9442.00236
Subject(s) - economics , consumption (sociology) , energy consumption , econometrics , energy (signal processing) , space (punctuation) , microeconomics , heating system , norwegian , capital cost , capital (architecture) , environmental economics , computer science , macroeconomics , mathematics , statistics , thermodynamics , physics , engineering , history , social science , linguistics , philosophy , archaeology , sociology , operating system , electrical engineering
Energy demand for space heating is estimated using a discrete–continuous choice model which focuses on the relationship between the choice of heating equipment and energy consumption. The model is estimated on Norwegian micro data, and the two stages of the model are estimated simultaneously. The capital cost and the operating cost of the heating systems are both found to have a significant impact on the choice of heating system. Furthermore, the results show that household characteristics are important variables in residential energy models. Energy price elasticities and income elasticities are also estimated.