Abstract
In this paper we have developed and estimated the demand for electricity by an industrial (commercial) firm subject to time-of-use (TOU) pricing of electric power. In the application we use a quadratic production function and directly incorporate into the production process the restrictions that some inputs cannot vary over the day. We show that the TOU structure implies a unique set of parameter restrictions across the demand functions for inputs.
| Original language | English |
|---|---|
| Pages (from-to) | 369-384 |
| Number of pages | 16 |
| Journal | Journal of Econometrics |
| Volume | 23 |
| Issue number | 3 |
| DOIs | |
| State | Published - Dec 1983 |