Market share elasticities for fuel and technology choice in home heating and cooling

Technical Report · Mon May 01 04:00:00 EDT 1989

DOI:https://doi.org/10.2172/5494725· OSTI ID:5494725

Wood, D. J.; Ruderman, H.; McMahon, J. E.

A new technique for estimating own- and cross-elasticities of market share for fuel and technology choices in home heating and cooling is presented. We simulate changes in economic conditions and estimate elasticities by calculating predicted changes in fuel and technology market shares. Elasticities are found with respect to household income, equipment capital cost, and equipment capital cost, and equipment operating cost (including fuel price). The method is applied to a revised and extended version of a study by the Electric Power Research Institute (EPRI). Data for that study are drawn primarily from the 1975--1979 Annual Housing Surveys. Results are generally similar to previous studies, although our estimates of elasticities are somewhat lower. We feel the superior formulation of consumer choice and the currency of data in EPRI's work produce reliable estimates of market share elasticities. 18 refs., 1 fig., 6 tabs.

• Research Organization: Lawrence Berkeley Lab., CA (USA)
• Sponsoring Organization: DOE/CE; EPRI
• DOE Contract Number: AC03-76SF00098
• OSTI ID: 5494725
• Report Number(s): LBL-20090; ON: DE90002606
• Country of Publication: United States
• Language: English

Related Subjects

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320106* -- Energy Conservation
Consumption
& Utilization-- Building Equipment-- (1987-)
BUILDINGS
COOLING SYSTEMS
ECONOMICS
ELECTRICITY
ENERGY MODELS
ENERGY SYSTEMS
FUELS
HEAT PUMPS
HEATING SYSTEMS
HOUSES
MARKET
PRICES
RESIDENTIAL BUILDINGS