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that rationing binds on input use, such that farmers, despite trivial prices for water extraction, use roughly the socially … optimal amount of water on average. The rationing regime is still grossly inefficient, because it misallocates water across …
Persistent link: https://www.econbiz.de/10012481328
We estimate the price elasticity of water demand with household-level data, structurally modeling the piecewise … water utility service areas …
Persistent link: https://www.econbiz.de/10012465074
This paper formulates and estimates a household-level, billing-cycle water demand model under increasing block prices … household demographics in the utility's service territory to recover the impact of these factors on water demand. An index of … models are used to compute the distribution of utility-level water demand and revenues for any possible price schedule …
Persistent link: https://www.econbiz.de/10012456175