K.H. Tiedemann (Canada)
Identification and estimation, refrigerators, clothes washers, dishwashers air conditioners, market analysis and modelling.
This paper presents and applies an econometric approach to the identification and estimation of market models for refrigerators, clothes washers, dishwashers and room air conditioners. The main study results are follows. First, an increase in GDP increases the sales of both more efficient and less efficient refrigerators, clothes washers, dishwashers, and room air conditioners. Second, an increase in electricity price increases sales of Energy Star® refrigerators, clothes washers, dishwashers, and room air conditioners. Third, additional energy conservation activities launched following the 2001 California and Pacific Northwest energy crisis increased the sales of Energy Star refrigerators, clothes washers, dishwashers, and room air conditioners, thus further helping to transform these markets. K
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