Residential Demand For Wood Fuel. A Missing Data Problem

Abstract

Modelling the demand for wood presents several difficult problems not present in the highly developed literature on the demand for electricity. This paper develops a method for dealing with missing price data. Simple statistical tests are performed in a systematic fashion leading to the suggestion that the wood fuel market is characterized by block pricing structures that vary by region. When these block prices are used in modelling the demand for wood fuel, the price elasticities drop off sharply in comparison with the same model using the same data, except for price. © 1987.

Department(s)

Economics

International Standard Serial Number (ISSN)

0165-0572

Document Type

Article - Journal

Document Version

Citation

File Type

text

Language(s)

English

Rights

© 2023 Elsevier, All rights reserved.

Publication Date

01 Jan 1987

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