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JSS Research Series in Statistics

Bayesian Analysis of Demand Under Block Rate Pricing

Authors: Miyawaki, Koji

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  • Presents the Bayesian estimation method for the discrete/continuous choice approach for demand under block rate pricing
  • Explains the model coherency inherent in discrete/continuous choice and its connection to microeconomic theory
  • Applies the estimation method to real-world datasets for the analysis of demand under block rate pricing, which can be used for prediction as well as policymaking
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  • ISBN 978-981-15-1857-7
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Softcover 51,99 €
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About this book

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.

About the authors

Koji Miyawaki, Kwansei Gakuin University

Table of contents (6 chapters)

Table of contents (6 chapters)

Buy this book

eBook 42,79 €
price for Spain (gross)
  • ISBN 978-981-15-1857-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover 51,99 €
price for Spain (gross)
  • ISBN 978-981-15-1856-0
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Bayesian Analysis of Demand Under Block Rate Pricing
Authors
Series Title
JSS Research Series in Statistics
Copyright
2019
Publisher
Springer Singapore
Copyright Holder
The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
eBook ISBN
978-981-15-1857-7
DOI
10.1007/978-981-15-1857-7
Softcover ISBN
978-981-15-1856-0
Series ISSN
2364-0057
Edition Number
1
Number of Pages
IX, 112
Number of Illustrations
22 b/w illustrations, 11 illustrations in colour
Topics

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