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Survey of models on demand, customer base-line and demand response and their relationships in the power market

Heshmati, Almas - 2012

market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand … case for possible application to the electricity market and discusses the implications of the results. In the literature … and demand response in the power market and their relationships. It enhances demand response in the electricity market …

Persistent link: https://www.econbiz.de/10009548648

Riches to rags every month? : The fall in consumption expenditures between paydays

Huffman, David (contributor); Barenstein, Matias (contributor) - 2004

This paper finds declining consumption expenditure between paydays, for a typical household in the working population of the UK. The magnitude is inconsistent with exponential time preference, but compatible with quasi-hyperbolic discounting. However, the hyperbolic model predicts that credit...

Persistent link: https://www.econbiz.de/10002526381

Relative concerns for consumption at the top : an intertemporal analysis for the UK

Quintana-Domeque, Climent; Wohlfart, Johannes - 2014

This paper investigates whether the consumption of rich households provides a reference point in the consumption choices of non-rich households from an intertemporal perspective. Using UK household data on food consumption, we estimate the Euler equation implied by a life-cycle model...

Persistent link: https://www.econbiz.de/10010409785

Decomposing changes in income risk using consumption data

Blundell, Richard W.; Low, Hamish; Preston, Ian - 2011

We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross-section data and can allow for mixtures of...

Persistent link: https://www.econbiz.de/10009521261

Smoking, drinking, never thinking of tomorrow : income and risky choices amongst young adults in the UK

Coppola, Gianluigi; O'Higgins, Shane Niall; Pinto, Claudio - 2015

In this paper we look at the relationship between health and income as mediated by "lifestyle" choices; that is, a set of behaviours which are thought to influence health and are generally considered to invoke a substantial degree of free choice. The main underlying assumption is that...

Persistent link: https://www.econbiz.de/10011308440

Labor and financial market interactions : the case of labor income risk and car insurance in the UK 1969-95

Koeniger, Winfried - 2001

liberal financial market. - the effects seem to be important on the macro level in the 70s whereas they become negligible in …

Persistent link: https://www.econbiz.de/10011339678

Child expenditure : the role of working mothers, lone parents, sibling composition and household provision

Farrell, Lisa; Shields, Michael - 2001

This paper uses detailed diary information from the British Family Expenditure Survey (FES) to investigate the expenditure patterns of school-age children. We estimate a Quadratic Almost Ideal Demand System, and find that, whilst most commodities are normal goods, sweets and toys are luxury...

Persistent link: https://www.econbiz.de/10011404134

Financial expectations and household consumption : does middle inflation matter?

Brown, Sarah; Harris, Mark N.; Spencer, Christopher; … - 2020

Using British panel data, we explore the finding that households often expect theirÂ…financial position to remain unchanged compared to other alternatives, using a generalised middle inflated ordered probit (GMIOP) model. In doing so we account for the tendency of individuals to choose...

Persistent link: https://www.econbiz.de/10012180406

The effect of product demand on inequality : evidence from the US and the UK

Leonardi, Marco - 2010

This paper examines the relationship between product demand and the pattern of rising skill premia and rising employment of skilled workers in the US and the UK since the 1980s. If more skilled workers demand more skill-intensive goods, then an increase in relative skill supply will also induce...

Persistent link: https://www.econbiz.de/10003976873

Competitive and segmented informal labor markets

Günther, Isabel (contributor); Launov, Andrey (contributor) - 2006

It has been recently argued that the informal sector of the labor market in a developing economy shows a dual structure … with one part of it being competitive to the formal sector and another part being the result of market segmentation. To … results for the urban labor market in Côte d'Ivoire indeed show existence of both competitive and segmented employment in the …

Persistent link: https://www.econbiz.de/10003474216