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Aplikasi Willingness To Pay Sebagai Proksi Terhadap Variabel Harga: Suatu Model Empirik Dalam Estimasi Permintaan Energi Listrik Rumah Tangga
[The Application of Willingness To Pay As A Proxy To Varible of Price : An Enpirical Model In Estimating The Demand of Household Electricity Energy]

Author

Listed:
  • Nababan, Tongam Sihol
  • Simanjuntak, Juara

Abstract

The objective of this paper is to explain the use of willingness to pay (WTP) as a proxy for price/tariff variable of household electricity demand model. WTP is amount of money that a consumer pays to obtain some goods or service. There are some justifications to use the WTP, i.e : 1) it can reveal the actual value or price of goods or service, 2) it can be used as a basic of determining the price, 3) theoretically, it can fulfill the assumption of Marshallian demand model. Willingness to pay can be obtain by using contingent valuation (CM) method with closed-ended referendum formal

Suggested Citation

  • Nababan, Tongam Sihol & Simanjuntak, Juara, 2008. "Aplikasi Willingness To Pay Sebagai Proksi Terhadap Variabel Harga: Suatu Model Empirik Dalam Estimasi Permintaan Energi Listrik Rumah Tangga [The Application of Willingness To Pay As A Proxy To Va," MPRA Paper 49155, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:49155
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    References listed on IDEAS

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    More about this item

    Keywords

    demand; electricity; household; price; WTP;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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