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Heating Costs and Household Wood Stove Acquisition: A Discrete Choice Demand Model

Published online by Cambridge University Press:  10 May 2017

Paul Francis Scodari  and
Ian W. Hardie
Paul Francis Scodari
Affiliation:
Environmental Law Institute, Washington, D.C.
Ian W. Hardie
Affiliation:
University of Maryland, College Park
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Abstract

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.

Type
Research Article
Information
Northeastern Journal of Agricultural and Resource Economics , Volume 14 , Issue 1 , April 1985 , pp. 65 - 70
Copyright
Copyright © 1985 Northeastern Agricultural and Resource Economics Association 

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Footnotes

Scientific Article No. A-3945, Contribution No. 6929 Maryland Agricultural Experiment Station. Support for this research was provided under a cooperative agreement with the Northeastern Forest Experiment Station, Broomal, Pennsylvania. Computer facilities were provided by the University of Maryland Computer Science Center.

References

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