Ordered logit model for residential electricity demand in Korea

Research output: Contribution to journalArticle

14 Citations (Scopus)

Abstract

In this study, we apply the ordered logit model to estimate the individual household electricity demand in Korea, using the energy census data conducted by Korea Energy Economics Institute in 1990. Our analysis is based on the disaggregate micro data, while most of the other studies on residential electricity demand use aggregate data. We extract the representative household behaviour for electricity demand. We propose how to aggregate the residential electricity demand from this disaggregate analysis by applying the probability model. This method provides us reasonably accurate values, comparing with the actual ones.

Original languageEnglish
Pages (from-to)205-209
Number of pages5
JournalEnergy Economics
Volume15
Issue number3
DOIs
Publication statusPublished - 1993 Jul

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Electricity
Economics
Electricity demand
Korea
Ordered logit model

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics
  • Energy(all)

Cite this

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title = "Ordered logit model for residential electricity demand in Korea",
abstract = "In this study, we apply the ordered logit model to estimate the individual household electricity demand in Korea, using the energy census data conducted by Korea Energy Economics Institute in 1990. Our analysis is based on the disaggregate micro data, while most of the other studies on residential electricity demand use aggregate data. We extract the representative household behaviour for electricity demand. We propose how to aggregate the residential electricity demand from this disaggregate analysis by applying the probability model. This method provides us reasonably accurate values, comparing with the actual ones.",
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Ordered logit model for residential electricity demand in Korea. / Jung, Tae Yong.

In: Energy Economics, Vol. 15, No. 3, 07.1993, p. 205-209.

Research output: Contribution to journalArticle

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