Data/hora: 09/06/2024 14:51:24

Provedor de dados: | 31
País: | United States
Título: | Does Marginal Price Matter? A Regression Discontinuity Approach to Estimating Water Demand
Autores: | Nataraj,   Shanthi; Hanemann,   W. Michael.
Data: | 2008-11-11
Ano: | 2008
Palavras-chave: | Water demand; Regression models; Price policy; Consumer behavior; Demand and Price Analysis; Research Methods/ Statistical Methods; D12; Q21; Q25; L95.
Resumo: | 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
Idioma: | Inglês
Identificador: | http://purl.umn.edu/47078

Relação:

University of California, Berkeley&gt;Department of Agricultural and Resource Economics&gt;CUDARE Working Papers

CUDARE Working Papers

1077

Formato: | 35