Estimating the residential demand function for natural gas in Seoul with correction for sample selection bias

Estimation of residential electricity de

Estimation of residential electricity demand function in Seoul by correction for sample selection bias

✍ Seung-Hoon Yoo; Joo Suk Lee; Seung-Jun Kwak 📂 Article 📅 2007 🏛 Elsevier Science 🌐 English ⚖ 126 KB

This paper attempts to estimate the residential electricity demand function in Seoul. To this end, we collected the data from a survey of households in Seoul and employed the bivariate model to rectify the undesirable impacts of non-response data. The results show that the size of family, the size o