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Modelling Time of Day Sustitution Using the Second Moments of Demand

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  • Hirschberg, J.G.

Abstract

Time of day (TOD) rates are a commonly used method for peak load pricing of many services. Such services as ; electricity, communications, transportation, shared computer facilities, and computer networks (ie. the Internet), either use, or will use form of TOD pricing. The model presented here provides a method for estimating TOD substitution without the need for rate experiments that have proven to be both costly and limited by sample selection bias problems.

Suggested Citation

  • Hirschberg, J.G., 1996. "Modelling Time of Day Sustitution Using the Second Moments of Demand," Department of Economics - Working Papers Series 506, The University of Melbourne.
    • Handle: RePEc:mlb:wpaper:506
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    Cited by:

    1. Joseph G. Hirschberg & Jenny N. Lye, 2001. "Clustering in a Data Envelopment Analysis Using Bootstrapped Efficiency Scores," Department of Economics - Working Papers Series 800, The University of Melbourne.

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    More about this item

    Keywords

    ELECTRICITY; DEMAND; PRICING;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • R22 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other Demand
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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