This paper studies the theoretical underpinnings of log-linear models of relative asset demand. It shows that log-linearity provides a poor approximation - in both a global and local sense - to asset ...

Abstract: The problem of cross-subsidy in my country's electricity prices is particularly prominent and needs to be solved urgently in terms of fairness and economic efficiency. Reasonable tiered ...

This article presents a Monte Carlo evaluation of some alternative estimators for a demand model when the budget constraint is piecewise-linear and the budget set is convex. We examine the performance ...

1 Center for Informatics and Statistics, Ministry of Agriculture and Rural Development, Hanoi, Vietnam. 2 School of Economics, the University of Queensland, Brisbane, Australia. 3 School of Economics, ...

Total factor productivity (TFP) is considered as a good measure of productivity. However, empirical TFP, often calculated from ordinary least squares (OLS) residuals from production function estimates ...

The study estimates the main drivers of household electricity demand in Pointe-Noire using household-level survey data (n = 496) and a linear approximation Almost Ideal Demand System (LA/AIDS).