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Estimating Urban Residential Water-Demand with Increasing Block Prices: The Case of Perth, Western Australia AgEcon
Xayavong, Vilaphonh; Burton, Michael P.; White, Benedict.
This study uses panel data at suburb level to estimates the elasticity water demands in Perth, Australia from 1995 to 2005. After deriving the consumer’s water demand under a non-linear budget constraint, we estimate the water demand model, which accounts for how water (and other purchased goods) is used to satisfy fundamental desires of the household. We have applied the specification of price that provided the correctly estimated marginal price from the block tariff structure, and employed a maximum likelihood estimation technique to tackle the endogeneity and heteroskedasticity issues. Our estimation of water demand price elasticities are slightly higher (more elastic) than previous study in Perth, but broadly in line with other estimates in the...
Tipo: Working or Discussion Paper Palavras-chave: Water demand; Water pricing; Block pricing; Water resource management; Household model; Resource /Energy Economics and Policy; Q21; Q25; Q23.
Ano: 2007 URL: http://purl.umn.edu/7061
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Imprime registro no formato completo
Estimating Urban Residential Water-Demand With Increasing Block Prices: The Case of Perth, Western Australia AgEcon
Xayavong, Vilaphonh; Burton, Michael P.; White, Benedict.
This study uses panel data at suburb level to estimates the elasticity water demands in Perth, Australia from 1995 to 2005. After deriving the consumer’s water demand under a non-linear budget constraint, we estimate the water demand model, which accounts for how water (and other purchased goods) is used to satisfy fundamental desires of the household. We have applied the specification of price that provided the correctly estimated marginal price from the block tariff structure, and employed a maximum likelihood estimation technique to tackle the endogeneity and heteroskedasticity issues. Our estimation of water demand price elasticities are slightly higher (more elastic) than previous study in Perth, but broadly in line with other estimates in the...
Tipo: Conference Paper or Presentation Palavras-chave: Water demand; Water pricing; Block pricing; Water resource management; Household model; Demand and Price Analysis; Resource /Energy Economics and Policy; Q21; Q25 and Q23.
Ano: 2008 URL: http://purl.umn.edu/6010
Registros recuperados: 2
Primeira ... 1 ... Última
 

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