Habit formation and consumption of energy for heating: evidence from a panel of Danish households

Søren Leth-Petersen

Habit formation and consumption of energy for heating: evidence from a panel of Danish households

Økonomisk Institut

4 Citationer (Scopus)

Abstract

In this paper we ask if consumption of energy for space heating by households is habit forming. A model of intertemporal consumption allocation allowing for habit-forming preferences is estimated on a register-based panel data set with high quality information about consumption of natural gas for a sample of Danish households. Results indicate that preferences are weakly habit forming

Originalsprog	Engelsk
Tidsskrift	Energy Journal
Vol/bind	28
Udgave nummer	2
Sider (fra-til)	35-54
ISSN	0195-6574
Status	Udgivet - 2007

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abstract = "In this paper we ask if consumption of energy for space heating by households is habit forming. A model of intertemporal consumption allocation allowing for habit-forming preferences is estimated on a register-based panel data set with high quality information about consumption of natural gas for a sample of Danish households. Results indicate that preferences are weakly habit forming",

keywords = "Faculty of Social Sciences, consumer economics, Denmark, gas, natural gas",

author = "S{\o}ren Leth-Petersen",

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journal = "Energy Journal",

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T1 - Habit formation and consumption of energy for heating

T2 - evidence from a panel of Danish households

AU - Leth-Petersen, Søren

N1 - JEL Classification: D12, Q41

PY - 2007

Y1 - 2007

N2 - In this paper we ask if consumption of energy for space heating by households is habit forming. A model of intertemporal consumption allocation allowing for habit-forming preferences is estimated on a register-based panel data set with high quality information about consumption of natural gas for a sample of Danish households. Results indicate that preferences are weakly habit forming

AB - In this paper we ask if consumption of energy for space heating by households is habit forming. A model of intertemporal consumption allocation allowing for habit-forming preferences is estimated on a register-based panel data set with high quality information about consumption of natural gas for a sample of Danish households. Results indicate that preferences are weakly habit forming

KW - Faculty of Social Sciences

KW - consumer economics

KW - Denmark

KW - gas

KW - natural gas

M3 - Journal article

SN - 0195-6574

VL - 28

SP - 35

EP - 54

JO - Energy Journal

JF - Energy Journal

IS - 2

ER -

Habit formation and consumption of energy for heating: evidence from a panel of Danish households

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