Residential Demand for Electricity Under Inverted Block Rates: Evidence From a Controlled Experiment
递增阶梯电价下的居民用电需求:来自受控实验的证据
Block-rate structures are used extensively in public-utility pricing, including residential electricity. Estimating price elasticities in this context is complicated by the resulting nonlinearity of the consumer's budget constraint. This article estimates the demand for electricity under inverted block rates using data from a residential rate experiment. The study provides an opportunity to obtain short-run price elasticities in an experimental setting and to compare…