Residential demand for energy commodities A household production function approach英文文献.pdfVIP

Residential demand for energy commodities A household production function approach Keith D. Willett and Shahdad Naghshpour This paper formulates a demand model :for energ)) commodities using a household productio.n:function approach. The model IS stated in a utility masimizationframe,vork where utlhty is assumed to be a .function of two composite commodities directly yielding utility. Electricity and natural gas are used as inputs along with a capital stock to produce one of the utility-yielding commodities. The other utility-yielding commodity is assumed to be produced with two non-energy goods and capital stock which are purchased on the market. The Kuhn-Tucker conditions are then used to characterize the optimal time paths ,for input purchases and investments by the household. KEWW Energy commodities: Household sector: Demand model The demand for energy has long been a concern to yield utility. The processes all utilize a capital stock of some economic society, but the energy crises experienced in durability . and electricity provides the energy input. The the 1970s a