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https://doi.org/10.1017/CBO9780511664342.004

has been cited by the following article:

• TITLE: Analyzing Small Industrial and Commercial User Demand for Electricity

  AUTHORS: Keighton R. Allen, Thomas M. Fullerton, Jr.

  KEYWORDS: Duality Theory, Derived Demand, Electricity, Small Industrial and Commercial

  JOURNAL NAME: Theoretical Economics Letters, Vol.8 No.14, October 25, 2018

  ABSTRACT: This study employs duality theory to develop a theoretical model for small commercial and industrial (CIS) electricity usage. The CIS production function is posited such that output is a function of three variable inputs (electricity, natural gas, and labor) and one fixed input (capital). A profit function dual to this production function is specified using a normalized quadratic functional form. CIS profits are functionally dependent upon output price, an electricity input price, and natural gas and labor input prices for a fixed quantity of capital. The derived input-demand equation results from differentiating the profit function with respect to the price of electricity. The input-demand equation for electricity is dependent upon the own-price of electricity, the CIS output price, and input cross-prices. The model may be of use to utilities and regulators for the analysis of CIS electricity usage.