A forward-looking analysis of residential telephone access demand in Korea

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This paper analyzes the price elasticity for residential access demand in Korea using survey data of 1998. We apply an asymmetric GEV model to this data and derive a formula for forward-looking price elasticities of the penetration rate. We categorize the respondents into two groups, single-line households and multi-line households, and estimate the price elasticities for each group. Estimation outcome shows that single-line households are less sensitive to price changes than multi-line households with respect to installation charge and rental charge. In view of the relatively low price elasticities of single-line households, an increase in rental charge is not expected to result in large-scale drop-offs of primary lines. (C) 2002 Elsevier Science B.V. All rights reserved.
Publisher
ELSEVIER SCIENCE BV
Issue Date
2002-12
Language
English
Article Type
Article
Citation

INFORMATION ECONOMICS AND POLICY, v.14, no.4, pp.481 - 493

ISSN
0167-6245
URI
http://hdl.handle.net/10203/3886
Appears in Collection
MT-Journal Papers(저널논문)
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