| Registro completo |
| Provedor de dados: |
AgEcon
|
| 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>Department of Agricultural and Resource Economics>CUDARE Working Papers
CUDARE Working Papers
1077
|
| Formato: |
35
|
