Nababan, Tongam Sihol; Simanjuntak, Juara - Volkswirtschaftliche Fakultät, … - 2008
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...