Koji Miyawaki

(Author)

Bayesian Analysis of Demand Under Block Rate Pricing (2019)Paperback - 2019, 21 January 2020

Bayesian Analysis of Demand Under Block Rate Pricing (2019)
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Part of Series
Springerbriefs in Statistics
Part of Series
Jss Research Statistics
Print Length
112 pages
Language
English
Publisher
Springer
Date Published
21 Jan 2020
ISBN-10
9811518564
ISBN-13
9789811518560

Description

This book focuses on the structural analysis of demand under block rate pricing, a type of nonlinear pricing used mainly in public utility services. In this price system, consumers are presented with several unit prices, which makes a naive analysis biased. However, the response to the price schedule is often of interest in economics and plays an important role in policymaking. To address this issue, the book adopts a structural approach, referred to as the discrete/continuous choice approach in the literature, to develop corresponding statistical models for analysis.

The resulting models are extensions of the Tobit model, a well-known statistical model in econometrics, and their hierarchical structure fits well in Bayesian methodology. Thus, the book takes the Bayesian approach and develops the Markov chain Monte Carlo method to conduct statistical inferences. The methodology derived is then applied to real-world datasets, microdata collected in Tokyo and the neighboring Chiba Prefecture, as a useful empirical analysis for prediction as well as policymaking.

Product Details

Author:
Koji Miyawaki
Book Edition:
2019
Book Format:
Paperback
Country of Origin:
NL
Date Published:
21 January 2020
Dimensions:
23.39 x 15.6 x 0.66 cm
ISBN-10:
9811518564
ISBN-13:
9789811518560
Language:
English
Location:
Singapore
Pages:
112
Publisher:
Weight:
185.97 gm

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