作者: Rui Zhang , Taoyuan Wei , Qinghua Shi
DOI: 10.2139/SSRN.2427147
关键词:
摘要: Energy ladder model and energy stacking have been proposed in the literature to describe relations between income growth transition of consumed by households. Both models are largely descriptive provide limited guidelines for quantitative verification. By contrast, logistic substitution has adopted much earlier depict long-run a society over time. This assumes that substitute technologies sources available market. In present paper, we argue household can follow same pattern as dynamics time substation model. Hence, construct new model, wave adapting both income. The not only captures features presented models, but also provides methods We illustrate using consumption Chinese households an example.