Bayesian Analysis of Demand Under Block Rate Pricing - Koji Miyawaki

Bayesian Analysis of Demand Under Block Rate Pricing

(Autor)

Buch | Softcover
112 Seiten
2020 | 1st ed. 2019
Springer Verlag, Singapore
978-981-15-1856-0 (ISBN)
53,49 inkl. MwSt
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.

Koji Miyawaki, Kwansei Gakuin University

1. Introduction.- 2. Demand under Increasing Block Rate Pricing.- 3. Demand under Decreasing Block Rate Pricing.- 4. Extensions to Panel Data.- 5. Extensions to Areal Data.- 6. Block Normal Simulator.

Erscheinungsdatum
Reihe/Serie JSS Research Series in Statistics
SpringerBriefs in Statistics
Zusatzinfo 11 Illustrations, color; 22 Illustrations, black and white; IX, 112 p. 33 illus., 11 illus. in color.
Verlagsort Singapore
Sprache englisch
Maße 155 x 235 mm
Themenwelt Mathematik / Informatik Mathematik Statistik
Mathematik / Informatik Mathematik Wahrscheinlichkeit / Kombinatorik
Wirtschaft Allgemeines / Lexika
Wirtschaft Betriebswirtschaft / Management Finanzierung
Wirtschaft Betriebswirtschaft / Management Unternehmensführung / Management
ISBN-10 981-15-1856-4 / 9811518564
ISBN-13 978-981-15-1856-0 / 9789811518560
Zustand Neuware
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