Microeconometric Analysis of Residential Water Demand |
| |
Authors: | Cristina Lopez-Mayan |
| |
Institution: | 1. Departament d’Economia Aplicada, Universitat Autonoma de Barcelona, Edifici B, Campus de Bellaterra, 08193?, Bellaterra, Cerdanyola del Valles, Barcelona, Spain
|
| |
Abstract: | This paper develops a structural model for obtaining price elasticities and evaluating consumer’s response to changes in nonlinear tariffs when only panel data on household consumption are available. The model and the empirical strategy address problems implied by nonlinear tariffs, existence of a fixed cost, and use of limited data, giving rise to a random effects model with a nonlinear individual effect. Results show that the estimated model does well at fitting data and demand is inelastic, although elasticity varies by initial consumption block. Then, I estimate welfare consequences of implementing several demand policies. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|