Bayesian Analysis of Demand Under Block Rate Pricing

• Main Author: Miyawaki, Koji (Author, http://id.loc.gov/vocabulary/relators/aut)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Singapore : Springer Singapore : Imprint: Springer, 2019.
• Edition: 1st ed. 2019.
• Series: JSS Research Series in Statistics,
• Subjects: Statistics .; Financial engineering.; Economic policy.; Statistics for Business, Management, Economics, Finance, Insurance.; Statistical Theory and Methods.; Bayesian Inference.; Financial Engineering.; R & D/Technology Policy.

This book focuses on the structural analysis of demand under block rate pricing, a type of nonlinear pricing used mainly in public utility services. In this price system, consumers are presented with several unit prices, which makes a naive analysis biased. However, the response to the price schedul...