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来源类型Working Paper
规范类型报告
DOI10.3386/w13573
来源IDWorking Paper 13573
Water Demand Under Alternative Price Structures
Sheila Olmstead; W. Michael Hanemann; Robert N. Stavins
发表日期2007-11-02
出版年2007
语种英语
摘要We estimate the price elasticity of water demand with household-level data, structurally modeling the piecewise-linear budget constraints imposed by increasing-block pricing. We develop a mathematical expression for the unconditional price elasticity of demand under increasing-block prices and compare conditional and unconditional elasticities analytically and empirically. We test the hypothesis that price elasticity may depend on price structure, beyond technical differences in elasticity concepts. Due to the possibility of endogenous utility price structure choice, observed differences in elasticity across price structures may be due either to a behavioral response to price structure, or to underlying heterogeneity among water utility service areas.
主题Microeconomics ; Households and Firms ; Industrial Organization ; Industry Studies ; Environmental and Resource Economics ; Renewable Resources
URLhttps://www.nber.org/papers/w13573
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/571248
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GB/T 7714
Sheila Olmstead,W. Michael Hanemann,Robert N. Stavins. Water Demand Under Alternative Price Structures. 2007.
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