A censored random coefficients model for pooled survey data with application to the estimation of power outage costs

Review of Economics and Statistics

Volumn 84, Issue 3, 2002, Pages 552-561

  Moeltner, Klaus ^a   Layton, David F ^b  

^a UNIVERSITY OF NEVADA   (United States)

^b UNIVERSITY OF WASHINGTON   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0036022629     PISSN: 00346535     EISSN: None     Source Type: Journal    
DOI: 10.1162/003465302320259547     Document Type: Review

References (35)

1. Analysis Group, Inc., "Industrial Outage Cost Survey: Final Report," Submitted to Niagara Mohawk Power Corporation (1990).
2. Andrews, Donald W.K., "Admissibility of the Likelihood Ratio Test when the Parameter Space is Restricted under the Alternative," Econometrica 64:3 (1996), 705-718.
3. Beenstock, Michael, Ephraim Goldin, and Yoel Haitovsky, "The Cost of Power Outages in the Business and Public Sectors in Israel: Revealed Preferences vs. Subjective Valuation," The Energy Journal 18:2 (1997), 39-61.
4. Bhargava, Alok, "Nutritional Status and the Allocation of Time in Rwandese Households," Journal of Econometrics 77:1 (1997), 277-295.
5. Billington, R., G. Wacker, and R.K. Subramaniam, "Factors Affecting the Development of a Commercial Customer Damage Function," IEEE Transactions on Power Systems PWRS-1 (1986), 28-33.
6. Börsch-Supan, Axel, and Vassilis A. Hajivassiliou, "Smooth Unbiased Multivariate Probability Simulators for Maximum Likelihood Estimation of Limited Dependent Variable Models," Journal of Econometrics 58:3 (1993), 347-368.
7. Boyle, Kevin J., Michael P. Welsh, and Richard C. Bishop, "The Role of Question Order and Respondent Experience in Contingent-Valuation Studies," Journal of Environmental Economics and Management 25:1 (1993), S-80-S-99.
8. Caves, Douglas W., Joseph A. Herriges, and Robert J. Windle, "Customer Demand for Service Reliability in the Electric Power Industry: A Synthesis of the Outage Cost Literature," Bulletin of Economic Research 42:2 (1990), 79-119.
9. _ "The Cost of Electric Power Interruptions in the Industrial Sector: Estimates Derived from Interruptible Service Programs," Land Economics 68:1 (1992), 49-61.
10. Chen, Heng Z., and Stephen R. Cosslett, "Environmental Quality Preference and Benefit Estimation in Multinomial Probit Models: A Simulation Approach," American Journal of Agricultural Economics 3 (1998), 512-520.
11. Cornick, Jorge, Thomas L. Cox, and Brian W. Gould, "Fluid Milk Purchases: A Multivariate Tobit Analysis," American Journal of Agricultural Economics 76:1 (1994), 74-82.
12. Duan, Naihua, "Smearing Estimate: A Nonparametric Retransformation Method," Journal of the American Statistical Association 78:383 (1983), 605-610.
13. Feenberg, Daniel, and Jonathan Skinner, "The Risk and Duration of Catastrophic Health Care Expenditures," The Review of Economics and Statistics 76:4 (1994), 633-647.
14. Fishe, R.P.H., G.S. Maddala, and R.P. Trost, "Estimation of a Heteroskedastic Tobit Model" (pp. 112-122), in G.S. Maddala (Ed.), Econometric Methods and Applications (Aldershot, UK: Elgar, 1994).
15. Goldberger, Arthur S., "The Interpretation and Estimation of Cobb-Douglas Functions," Econometrica 35:3/4 (1968), 464-472.
16. Greene, William H., Econometric Analysis (Upper Saddle River, NJ: Prentice Hall, 1997).
17. Hajivassiliou, Vassilis A., "A Simulation Estimation Analysis of the External Debt Crises of Developing Countries," Journal of Applied Econometrics 9:2 (1994), 109-131.
18. Hajivassiliou, Vassilis, Daniel McFadden, and Paul Ruud, "Simulation of Multivariate Normal Rectangle Probabilities and their Derivatives: Theoretical and Computational Results," Journal of Econometrics 72:1-2 (1996), 85-134.
19. Halton, J., "On the Efficiency of Certain Quasirandom Sequences of Points in Evaluating Multidimensional Integrals," Numerical Mathematics (1960), 84-90.
20. Layton, David Frost, "Specifying and Testing Econometric Models for Stated Preference Surveys," unpublished doctoral dissertation, Department of Economics, University of Washington (1995).
21. Meulenberg, M.T.G., "On the Estimation of an Exponential Function," Econometrica 33:4 (1965), 863-868.
22. Moulton, Brent R., "Random Group Effects and the Precision of Regression Estimates," Journal of Econometrics 32:3 (1986), 385-397.
23. Munasinghe, Mohan, and Arun P. Sanghvi, "Reliability of Electricity Supply, Outage Costs and Value of Service," The Energy Journal 9 (1988), 1-18.
24. Pasha, Hafiz A., Aisha Ghaus, and Salman Malik, "The Economic Cost of Power Outages in the Industrial Sector of Pakistan," Energy Economics 11:4 (1989), 301-318.
25. Poe, Gregory L., Michael P. Welsh, and Patricia A. Champ, "Measuring the Difference in Mean Willingness to Pay When Dichotomous Choice Contingent Valuation Responses Are Not Independent," Land Economics 73:2 (1997), 255-267.
26. Pudney, Stephen, Modelling Individual Choice-The Econometrics of Corners, Kinks and Holes (Oxford/New York: Basil Blackwell, 1989).
27. Skoufias, Emmanuel, "Labor Market Opportunities and Intrafamily Time Allocation in Rural Households in South East Asia," Journal of Development Economics 40:2 (1993), 277-310.
28. Stynes, Daniel J., George L. Peterson, and Donald H. Rosenthal, "Log Transformation Bias in Estimating Travel Cost Models," Land Economics 62:1 (1986), 94-103.
29. Sullivan, M.J., and D.M. Keane, Outage Cost Estimation Guide Book, in Electric Power Research Institute report no. TR-106082 (San Francisco, 1995).
30. Swamy, P.A.V.B., "Efficient Inference in a Random Coefficient Regression Model," Econometrica 38:2 (1970), 311-323.
31. Train, Kenneth, "Halton Sequences for Mixed Logit," University of California-Berkeley working paper (1999).
32. Wacker, G., R.K. Subramaniam, and R. Billington, "Using Cost of Electric Service Interruption Surveys in the Determination of a Composite Customer Damage Function," International Journal of Energy Systems 5:3 (1985), 100-104.
33. Woo, Chi-Keung, and Roger L. Pupp, "Costs of Service Disruptions to Electricity Consumers," Energy 17:2 (1992), 109-126.
34. Woo, Chi-Keung, Roger L. Pupp, Theresa Flaim, and Robert Mango, "How Much Do Electric Customers Want to Pay for Reliability? New Evidence on an Old Controversy," Energy Systems and Policy 15 (1991), 145-159.
35. Woo, Chi-Keung, and Kenneth Train, "The Cost of Electric Power Interruptions to Commercial Firms," The Energy Journal 9 (1988), 161-172.