Linked Data Explorerhttp://worldcat.org/entity/work/id/1182573305
Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing
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- http://id.loc.gov/authorities/subjects/sh85080336
- http://id.loc.gov/authorities/subjects/sh85031493
- http://id.loc.gov/authorities/subjects/sh85042065
- http://id.loc.gov/authorities/subjects/sh85040850
- http://experiment.worldcat.org/entity/work/data/1182573305#Topic/electronic_documents
- http://id.loc.gov/authorities/subjects/sh2007005948
- http://id.worldcat.org/fast/1007141
- http://id.worldcat.org/fast/902116
http://schema.org/description
- "Nonlinear pricing and taxation complicate economic decisions by creating multiple marginal prices for the same good. This paper provides a framework to uncover consumers' perceived price of nonlinear price schedules. I exploit price variation at spatial discontinuities in electricity service areas, where households in the same city experience substantially different nonlinear pricing. Using household-level panel data from administrative records, I find strong evidence that consumers respond to average price rather than marginal or expected marginal price. This sub-optimizing behavior makes nonlinear pricing unsuccessful in achieving its policy goal of energy conservation and critically changes the welfare implications of nonlinear pricing."
http://schema.org/name
- "Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing"
- "Do consumers respond to marginal or average price? evidence from nonlinear electricity pricing"
- "Do consumers respond to marginal or average price? : evidence from nonlinear electricity pricing"