Water demand under alternative price structures
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Author
Contributions
- Hanemann, W. Michael. - Contributor
- Stavins, R. N. 1948- - Contributor
- National Bureau of Economic Research. - Contributor
Publication
2007 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts
Language
English
Word Count
10,250 words, Guess
Page Count
41 pages
Identifiers
- Library of Congress Control Number2007616690
- OCLC Control Number181658357
- Open LibraryOL17635967M
Classifications
- LCCHB1
Description
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.
Subjects
Topics
Series Statement
- NBER working paper series -- no. 13573.
- Working paper series (National Bureau of Economic Research) -- working paper no. 13573.
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