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demand by residential households for water. It uses the changes in distributions of water using the census block group levels …This paper exploits the seasonal and annual changes in marginal prices for water to estimate the price elasticity of … 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/10012460368
We estimate the price elasticity of water demand with household-level data, structurally modeling the piecewise … elasticity of demand under increasing-block prices and compare conditional and unconditional elasticities analytically and … water utility service areas …
Persistent link: https://www.econbiz.de/10012465074
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/10012458202
: we estimate large price elasticities of demand for electricity (-1.17) and groundwater (-1.12). We demonstrate that crop …
Persistent link: https://www.econbiz.de/10012510584
From its inception, demand estimation has faced the problem of "many prices." This paper provides estimators of average … demand and associated bounds on exact consumer surplus when there are many prices in cross-section or panel data. For cross … "zeros problem" of demand. For panel data we provide bias corrected, ridge regularized estimators of average coefficients and …
Persistent link: https://www.econbiz.de/10012480367
This paper uses fare changes in Mexico City, Guadalajara, and Monterrey to estimate the price elasticity of demand for …
Persistent link: https://www.econbiz.de/10012482462
our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result … military action. In the case of inelastic resource demand, war incentives increase over time and war may become inevitable. Our …
Persistent link: https://www.econbiz.de/10012461975
elasticity of the demand for the output and the impact of demand and cost shifters. The use of this framework helps, in the first … way to assess the welfare effects of firms' innovative actions by estimating their impact on both cost and demand. We show …
Persistent link: https://www.econbiz.de/10012462434
other products by an unusually low elasticity of demand with respect to product failure. While consumers in other markets … potential cures accumulated over time. Because no one was ever cured and consumers possessed a highly inelastic demand with … respect to product failures, demand was unrelenting. In short, patent medicines flourished not despite their dubious medicinal …
Persistent link: https://www.econbiz.de/10012462953
demand, the size of the price change, and the degree of frictions. The degree of frictions is measured by the utility losses …
Persistent link: https://www.econbiz.de/10012463033