Showing 1 - 10 of 455
Recent efforts to endogenize technological change in climate policy models demonstrate the importance of accounting for the opportunity cost of climate R&D investments. Because the social returns to R&D investments are typically higher than the social returns to other types of investment, any...
Persistent link: https://www.econbiz.de/10013039283
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/10012759730
Water use and electricity use, which generate negative environmental externalities, are susceptible to a second … other household members. If individual usage is imperfectly observed (as is typical for water and electricity) and family … argument and test its prediction that intrahousehold free-riding dampens price sensitivity. We do so in the context of water …
Persistent link: https://www.econbiz.de/10012930842
identifies causal peer effects in water conservation during the growing season, utilizing variation from consumer migration. We … landscaping underpins the peer effects in water consumption. We also provide evidence that without a price signal, peer effects … are muted, demonstrating a complementarity between information transmission and prices. These results inform water use …
Persistent link: https://www.econbiz.de/10012914716
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/10012985203
This paper exploits the seasonal and annual changes in marginal prices for water to estimate the price elasticity of … demand by residential households for water. It uses the changes in distributions of water using the census block group levels … in response to changes in marginal prices of water for matched months across years. This strategy reduces the interaction …
Persistent link: https://www.econbiz.de/10013101832
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/10013308483
understood. Yet, there is little evidence comparing the effectiveness of these instruments, especially when considering water … resource management. We exploit a rich panel of residential water consumption to examine heterogeneous responses to both price … to reduce consumption among households who generally are large consumers of water. However, prescriptive policies such as …
Persistent link: https://www.econbiz.de/10013225163
Using newly assembled data on foreign exchange market intervention, we construct a daily index of exchange market pressure during the 1992-3 crisis in the European Monetary System, allowing us to pinpoint when and where the crisis was most severe. Our analysis focuses on a neglected factor in...
Persistent link: https://www.econbiz.de/10014351705
This paper defines two competing hypotheses on the working of fixed exchange rates. The quot;symmetryquot; hypothesis states that every country is concerned with the good functioning of the system, and cannot afford to deviate from world averages. Every country is just left to follow the rules...
Persistent link: https://www.econbiz.de/10012754653