HEATING COSTS AND HOUSEHOLD WOOD STOVE ACQUISITION: A DISCRETE CHOICE DEMAND MODEL

This paper examines the acquisition of wood stoves by New Hampshire households through use of a utility-maximizing discrete choice model. The analysis is based on the hypothesis that wood stoves are acquired to decrease the monetary costs of home-heating. Operating costs associated with heating with conventional fuel burning capital and with a combination of conventional and wood stove heating capital are estimated. These operating costs are used to estimate probabilities of 1979 wood stove acquisition for particular types of New Hampshire households.


Issue Date:
1985-4
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/28935
Published in:
Northeastern Journal of Agricultural and Resource Economics, Volume 14, Number 1
Page range:
65-70
Total Pages:
6




 Record created 2017-04-01, last modified 2017-08-24

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