Modeling Household Energy Consumption and Energy-efficient Technology Adoption. Jia Li, Ph.D. U.S. Environmental Protection Agency USAEE Annual Conference October 11 th , 2011. Motivation. Technological change and energy efficiency are important factors of energy and climate change policy
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Modeling Household Energy Consumption and Energy-efficient Technology Adoption
Jia Li, Ph.D.
U.S. Environmental Protection Agency
USAEE Annual Conference
October 11th, 2011
Z=a composite market good,
Ej=energy use j, j = 1,…,J,
θ =household/housing characteristics.
i=technology choice index,
xl(i),j=fuel input associated with technology i,
φij=average energy-efficiency coefficient of technology i
Budget share equations
where μl = disturbance in fuel use decisions
Assumption: εij are identically and independently distributed (i.i.d.) and follow extreme value (EV) type I distributions
Discrete choice probability (logit):