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 …

Urban water conservation is typically achieved through prescriptive regulations, including the rationing of water for …-based and prescriptive approaches to water conservation, where prices have rarely been used to allocate scarce supplies. The … analysis emphasizes the emerging theoretical and empirical evidence that using prices to manage water demand is more cost …

Rather than allowing water prices to reflect scarcity rents during periods of drought-induced excess demand, policy … unique panel data on residential end-uses of water, we examine the welfare implications of typical drought policies. Using … policies target water uses that households, themselves, are most willing to forgo. Nevertheless, we find that use restrictions …

We estimate the price elasticity of water demand with household-level data, structurally modeling the piecewise … water utility service areas. …