Three-Part Tariffs and Short-Run Rationality in the Local Fixed Telephone Consumption: Empirical Evidence from Medellín
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| Format: | Artículo científico |
| Langue: | en |
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Universidad de los Andes
2010
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| _version_ | 1876430988860456960 |
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| author | Jorge Barrientos |
| author_facet | Jorge Barrientos |
| contents | Three-Part Tariffs and Short-Run Rationality in the Local Fixed Telephone Consumption: Empirical Evidence from Medellín Jorge Barrientos David Tobón Orozco John Fredy Bedoya Multidisciplinarias (Ciencias Sociales) Three rationality endogeneity part tariffs gmm estimators In this paper we are interested in investigating the effects of the threepart tariffs system on consumers¿ behavior in the local fixed telephone service provided by the incumbent Telecommunications Companyune in Medellín, which was authorized by the Telecommunications Regulatory Commission (crt, for its Spanish name). In order to studyconsumer behavior and the effect of this tariff system we specify a sort of Engel Curve, which relates expenditure in fixed telephone service and expenditure in public utilities. Endogeneity problems could well arise from this specification, so the empirical strategy for studyinghouseholds¿ consumption is based on a panel data analysis by performing instrumental variables and gmm procedures. Our results supports the hypothesis that consumers surpass expected consumption levels and therefore the total payment for the service is greater than planned,showing a sort of short-run irrationality in consumption. 2010 artículo científico 0120-3584 https://www.redalyc.org/articulo.oa?id=169115617005 en http://www.redalyc.org/revista.oa?id=1691 Desarrollo y Sociedad application/pdf Universidad de los Andes Desarrollo y Sociedad (Colombia) Num.65 |
| format | Artículo científico |
| id | redalyc_169115617005 |
| institution | Redalyc |
| language | en |
| publishDate | 2010 |
| publisher | Universidad de los Andes |
| spellingShingle | Three-Part Tariffs and Short-Run Rationality in the Local Fixed Telephone Consumption: Empirical Evidence from Medellín Jorge Barrientos Multidisciplinarias (Ciencias Sociales) Three rationality endogeneity part tariffs gmm estimators Three-Part Tariffs and Short-Run Rationality in the Local Fixed Telephone Consumption: Empirical Evidence from Medellín Jorge Barrientos David Tobón Orozco John Fredy Bedoya Multidisciplinarias (Ciencias Sociales) Three rationality endogeneity part tariffs gmm estimators In this paper we are interested in investigating the effects of the threepart tariffs system on consumers¿ behavior in the local fixed telephone service provided by the incumbent Telecommunications Companyune in Medellín, which was authorized by the Telecommunications Regulatory Commission (crt, for its Spanish name). In order to studyconsumer behavior and the effect of this tariff system we specify a sort of Engel Curve, which relates expenditure in fixed telephone service and expenditure in public utilities. Endogeneity problems could well arise from this specification, so the empirical strategy for studyinghouseholds¿ consumption is based on a panel data analysis by performing instrumental variables and gmm procedures. Our results supports the hypothesis that consumers surpass expected consumption levels and therefore the total payment for the service is greater than planned,showing a sort of short-run irrationality in consumption. 2010 artículo científico 0120-3584 https://www.redalyc.org/articulo.oa?id=169115617005 en http://www.redalyc.org/revista.oa?id=1691 Desarrollo y Sociedad application/pdf Universidad de los Andes Desarrollo y Sociedad (Colombia) Num.65 |
| title | Three-Part Tariffs and Short-Run Rationality in the Local Fixed Telephone Consumption: Empirical Evidence from Medellín |
| topic | Multidisciplinarias (Ciencias Sociales) Three rationality endogeneity part tariffs gmm estimators |
| url | https://www.redalyc.org/articulo.oa?id=169115617005 |