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Do Consumers React to the Shape of Supply? Water Demand under Heterogeneous Price Structures AgEcon
Olmstead, Sheila M.; Hanemann, W. Michael; Stavins, Robert N..
Urban water pricing provides an opportunity to examine whether consumers react to the shape of supply functions. We carry out an empirical analysis of the influence of price and price structure on residential water demand, using the most price-diverse, detailed, household-level water demand data yet available for this purpose. We adapt the Hausman model of labor supply under progressive income taxation to estimate water demand under non-linear prices. Ours is the first analysis to address both the simultaneous determination of marginal price and water demand under block pricing and the possibility of endogenous price structures in the cross section. In order to examine the possibility that consumers facing block prices are more price-responsive, all else...
Tipo: Working or Discussion Paper Palavras-chave: Non-linear pricing; Water demand; Price elasticity; Resource /Energy Economics and Policy; D12; Q21; Q25; Q28; L95.
Ano: 2005 URL: http://purl.umn.edu/10672
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Comparing Price and Non-price Approaches to Urban Water Conservation AgEcon
Olmstead, Sheila M.; Stavins, Robert N..
Urban water conservation is typically achieved through prescriptive regulations, including the rationing of water for particular uses and requirements for the installation of particular technologies. A significant shift has occurred in pollution control regulations toward market-based policies in recent decades. We offer an analysis of the relative merits of market-based and prescriptive approaches to water conservation, where prices have rarely been used to allocate scarce supplies. The analysis emphasizes the emerging theoretical and empirical evidence that using prices to manage water demand is more cost-effective than implementing non-price conservation programs, similar to results for pollution control in earlier decades. Price-based approaches also...
Tipo: Working or Discussion Paper Palavras-chave: Cost-effectiveness; Water Conservation; Market-based Approaches; Policy Instrument Choice; Water Price; Q25; Q28; Q58; L95.
Ano: 2008 URL: http://purl.umn.edu/42919
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Measuring Service Quality: The Opinion of Europeans about Utilities AgEcon
Ferrari, P.A.; Salini, S..
This paper provides a comparative analysis of statistical methods to evaluate the consumer perception about the quality of Services of General Interest. The evaluation of the service quality perceived by users is usually based on Customer Satisfaction Survey data and an ex-post evaluation is then performed. Another approach, consisting in evaluating Consumers preferences, supplies an ex-ante information on Service Quality. Here, the ex-post approach is considered, two non-standard techniques - the Rasch Model and the Nonlinear Principal Component Analysis - are presented and the potential of both methods is discussed. These methods are applied on the Eurobarometer Survey data to assess the consumer satisfaction among European countries and in different...
Tipo: Working or Discussion Paper Palavras-chave: Service Quality; Eurobarometer; Non Linear Principal Component Analysis; Rasch Analysis; Conjoint Analysis; C33; C35; C43; L94; L95; L96.
Ano: 2008 URL: http://purl.umn.edu/36758
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Does Marginal Price Matter? A Regression Discontinuity Approach to Estimating Water Demand AgEcon
Nataraj, Shanthi; Hanemann, W. Michael.
Although complex pricing schedules are increasingly common in utility billing, it is difficult to determine whether consumers respond to complicated marginal prices because price changes are often confounded with simultaneous demand shocks or non-price policies. To overcome this challenge, we exploit a natural experiment - the introduction of a third price block in an increasing block pricing schedule for water - in Santa Cruz, California. Using a regression discontinuity design, we find that consumers do respond to changes in marginal price. Doubling marginal price led to a 12% decrease in water use (500 cubic feet per bill) among high-use households.
Tipo: Working or Discussion Paper Palavras-chave: Water demand; Regression models; Price policy; Consumer behavior; Demand and Price Analysis; Research Methods/ Statistical Methods; D12; Q21; Q25; L95.
Ano: 2008 URL: http://purl.umn.edu/47078
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DIE OKONOMIE DER (LANDLICHEN) WASSERVERSORGUNG AgEcon
Sauer, Johannes.
Der vorliegende Beitrag diskutiert die optimale Organisation der Wasserversorgung unter Berücksichtigung der grundlegenden Gutscharakteristika und der spezifischen Produktions-struktur. Nach einer formalen Beschreibung der einzelnen Produktionsstufen und der realen Organisation des Wassersektors in Deutschland werden kurz verschiedene Modelle zur Sek-tororganisation vorgestellt. Anschließend wird versucht, die Bestimmung der ökonomisch optimalen Betriebs- und Angebotsorganisation zu erläutern. Schließlich werden zentrale öko-nomische Konzepte der Produktionsanalyse und der industriellen Organisation für eine empi-rische Überprüfung am Beispiel der Wasserversorgung beispielhaft modelliert. Es zeigt sich, dass empirisch fundierte Organisationsmodelle bisher...
Tipo: Working or Discussion Paper Palavras-chave: Water Supplying Industry; Production Analysis; Industrial Organisation; Economic Modelling; Resource /Energy Economics and Policy; L95; Q25; R50.
Ano: 2004 URL: http://purl.umn.edu/14910
Registros recuperados: 5
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