Aplikasi Willingness To Pay Sebagai Proksi Terhadap Variabel Harga: Suatu Model Empirik Dalam Estimasi Permintaan Energi Listrik Rumah Tangga

The Application of Willingness To Pay As A Proxy To Varible of Price: An Enpirical Model In Estimating The Demand of Household Electricity Energy

Tongam Sihol Nababan and Juara Simanjuntak

MPRA Paper from University Library of Munich, Germany

Abstract: The objective of this paper is to explain the use of willingness to pay (WTP) as a proxy for price/tariff variable of household electricity demand model. WTP is amount of money that a consumer pays to obtain some goods or service. There are some justifications to use the WTP, i.e : 1) it can reveal the actual value or price of goods or service, 2) it can be used as a basic of determining the price, 3) theoretically, it can fulfill the assumption of Marshallian demand model. Willingness to pay can be obtain by using contingent valuation (CM) method with closed-ended referendum formal

Keywords: demand; electricity; household; price; WTP (search for similar items in EconPapers)
JEL-codes: D12 (search for similar items in EconPapers)
Date: 2008-09
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Jurnal Organisasi & Manajemen 2.4(2008): pp. 73-84

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/49155/1/MPRA_paper_49155.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:49155

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().