Abstracts of Selected Papers

Abstract

This discrete choice model is based on the hypothe sis that wood stoves are acquired to decrease the monetary costs of heating fuels. Data is from cross-sectional surveys of New Hampshire house holds. Results. indicate that the probability of pur chasing a stove varies inversely with the age and education of the household head and positively with the price of the non-wood fuel. Estimates by in come class suggest that moderate-income house holds are most likely to purchase a stove. Results appear reasonable even though the model does not incorporate the investment trade-off between capi tal and operating costs.