作者
Koji Miyawaki, Yasuhiro Omori, Akira Hibiki
发表日期
2011/9
期刊
The Japanese Economic Review
卷号
62
期号
3
页码范围
365-386
出版商
Springer Singapore
简介
Block rate pricing is often applied to income taxation, telecommunication services, and brand marketing, in addition to its best-known application in public utility services. Under block rate pricing, consumers face piecewise-linear budget constraints. A discrete/continuous choice approach is usually used to account for piecewise-linear budget constraints in demand and price endogeneity. A recent study proposed a method to incorporate a separability condition ignored by previous studies, by implementing a Markov chain Monte Carlo simulation based on a hierarchical Bayesian approach. To extend this approach to panel data, our study proposes Bayesian hierarchical models incorporating random and fixed individual effects.
学术搜索中的文章
Panel data analysis of Japanese residential water demand using a discrete/continuous choice approach
K Miyawaki, Y Omori, A Hibiki - The Japanese Economic Review, 2011