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The Demand for Residential Space and Water Heating Fuel by Energy Conserving Households
Author(s) -
DOLTHITT ROBIN A.
Publication year - 1986
Publication title -
journal of consumer affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.582
H-Index - 62
eISSN - 1745-6606
pISSN - 0022-0078
DOI - 10.1111/j.1745-6606.1986.tb00380.x
Subject(s) - simultaneity , sample (material) , economics , econometrics , index (typography) , space (punctuation) , environmental science , energy demand , energy (signal processing) , natural resource economics , environmental economics , microeconomics , mathematics , statistics , computer science , thermodynamics , physics , classical mechanics , world wide web , operating system
A model of residential demand for the natural gas used in space and water heating is developed. Parameter estimates of thermal efficiency, internal design temperature, furnace efficiency, family, and economic variables are derived for a sample of households defined as “energy conservers” by virtue of having retrofitted their homes. The paper also addresses econometric problems of simultaneity and index bias. Results indicate that, for this sample, residential demand for natural gas is price elastic.