Author Type

Graduate Student

Date of Award

1975

Document Type

Thesis

Publication Status

Version of Record

Submission Date

October 2026

Abstract

This thesis describes a study of the residential demand for electric power that 1) accurately specifies the sensitivity of demand for electric power through a function that employs only income and relative prices; 2) indicates a significantly higher price elasticity of demand than prior estimates; 3) demonstrates the superiority of a two step technique for pooling cross section and time series data. The study was conducted in the belief that the problems of multicollinearity, identification and bias encountered in standard power demand regression estimates are responsible for the questionable income and price elasticities of prior studies, and that these problems can be avoided through the pooling technique. To this end the best estimate from the pooling technique are compared to over 100 separate estimates which use standard estimation methods. On the basis of statistical and economic criteria, the pooling technique is shown to be far superior and is suggested for further demand estimates.

Extent

89 p.

Comments

Thesis (M.A.)--Florida Atlantic University, 1975.|Thesis (M.A.)--Florida Atlantic University, 1975.

Identifier

FADT13706

Format

pdf

Download

Share

COinS