Kavezeri-Karuaihe, Selma T.; Wandschneider, Philip R.; … - Western Agricultural Economics Association - WAEA - 2005
We develop a demand model for the water market of Windhoek, Namibia, and segment the market by income. The model uses the perceived price concept developed by Shin (1985). Results confirm the Shin hypotheses that consumers dont know actual prices, but respond to perceived prices. The average...