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The study's model is based on a given real wage rate and a given consumption vector.
Include leisure time in the consumption vector and let P = (p1, …, pj − 1, w h, pj + 1, …, p m ) be the corresponding vector price.
More specifically, the non-workers' consumption is assumed to be (gamma) units of consumption vector (varvec{delta }), where (gamma) is endogenously determined.
(By contrast, a component of the standard consumption vector, y, is the quantity of the good purchased by domestic consumers independent of where it was produced).
Note that several intermediate variables, such as the pipeline gas vector and the compressor gas consumption vector, are introduced into the equations of the coupled system [13, 14, 15].
Let C h = (Ch,1, …, Ch,m) be the consumption vector of m goods by a household of type h and P = (p1, …, p m ) the corresponding price vector.
Similar(47)
The comparison of the totals of income and consumption vectors at the micro level with those in the SAM reveals an undervaluation in survey data relative to the national accounts, which may be explained by underreporting.
To obtain detailed information on expenditures we turn to the 2003 Survey of Households Spending (SHS), which lacks detailed information on income sources, and employ matching techniques (see Abadie et al. 2001) to impute consumption vectors (products) to the SLID economic families16.
First, we use vector error correction techniques to estimate the long-run relationship between electricity consumption and GDP growth.
For each customer (k in {mathcal{K}}) and each appliance (s in S_{k}), we define an electricity consumption scheduling vector: varvec{x}_{k,s} = left[ {x_{k,s}^{1}, ldots,x_{k,s}^{h}, ldots x_{k,s}^{H} } right] (7 where (x_{k,s}^{h}) represents the electricity consumption of appliance (s) at hour (h) for (k -th customer.
For each customer (k in {mathcal{K}}) and for each curtailable appliance (c in C_{k}), we define an electricity consumption scheduling vector as follows: varvec{x}_{k,c} = left[ {x_{k,c}^{1}, ldots,x_{k,c}^{h}, ldots x_{k,c}^{H} } right] (12).
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