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Discrete-continuous models of residential energy demand: A comprehensive review

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dc.contributor.authorHanemann, W. Michael
dc.contributor.authorLabandeira, Xavier
dc.contributor.authorLabeaga Azcona, José María
dc.contributor.authorVásquez-Lavín, Felipe A.
dc.contributor.orcidhttps://orcid.org/0000-0003-2952-058X
dc.contributor.orcidhttps://orcid.org/0000-0002-0767-998X
dc.date.accessioned2025-01-24T13:28:48Z
dc.date.available2025-01-24T13:28:48Z
dc.date.issued2024
dc.descriptionThe registered version of this article, first published in “Resource and Energy Economics, Volume 77, 2024", is available online at the publisher's website: Elsevier, https://doi.org/10.1016/j.reseneeco.2024.101426 La versión registrada de este artículo, publicado por primera vez en “Resource and Energy Economics, Volume 77, 2024", está disponible en línea en el sitio web del editor: Elsevier, https://doi.org/10.1016/j.reseneeco.2024.101426
dc.description.abstractThis paper reviews forty years of research applying econometric models of discrete-continuous choice to analyze residential demand for energy. The review is primarily from the perspective of economic theory. We examine how well the utility-theoretic models developed in the literature match data that is commonly available on residential energy use, and we highlight the modeling challenges that have arisen through efforts to match theory with data. The literature contains two different formalizations of a corner solution. The first, by Dubin and McFadden (1984) and Hanemann (1984), models an extreme corner solution, in which only one of the discrete choice alternatives is chosen. While those papers share similarities, they also have some differences which have not been noticed or exposited in the literature. Subsequently, a formulation first implemented by Wales and Woodland (1983) and extended by Kim et al. (2002) and Bhat (2008) models a general corner solution, where several but not all of the discrete choice alternatives are chosen. Seventeen papers have employed one or another of these models to analyze residential demand for fuels and/or energy end uses in a variety of countries. We review issues that arose in these applications and identify some alternative model formulations that can be used in future work on residential energy demand.en
dc.description.versionversión original
dc.identifier.citationMichael Hanemann, Xavier Labandeira, José M. Labeaga, Felipe Vásquez-Lavín, Discrete-continuous models of residential energy demand: A comprehensive review, Resource and Energy Economics, Volume 77, 2024, 101426, ISSN 0928-7655, https://doi.org/10.1016/j.reseneeco.2024.101426
dc.identifier.doihttps://doi.org/10.1016/j.reseneeco.2024.101426
dc.identifier.issn0928-7655 | eISSN 1873-0221
dc.identifier.urihttps://hdl.handle.net/20.500.14468/25501
dc.journal.titleResource and Energy Economics
dc.journal.volume77
dc.language.isoen
dc.page.initial101426
dc.publisherELSEVIER
dc.relation.centerFacultades y escuelas::Facultad de Ciencias Económicas y Empresariales
dc.relation.departmentTeoría Económica y Economía Matemática
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
dc.subject53 Ciencias Económicas
dc.subject.keywordsdiscrete continuous choiceen
dc.subject.keywordspreference heterogeneityen
dc.subject.keywordsfuel choiceen
dc.subject.keywordsenergy end useen
dc.subject.keywordsessential gooden
dc.subject.keywordsoutside gooden
dc.subject.keywordscorner solutionen
dc.titleDiscrete-continuous models of residential energy demand: A comprehensive reviewen
dc.typeartículoes
dc.typejournal articleen
dspace.entity.typePublication
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relation.isAuthorOfPublication.latestForDiscovery6f5ba33d-cb8e-4e81-a634-25499d28afdb
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