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When consumption of water and other utilities is measured collectively and payment for such services is equally shared among members of the group, individuals may use more than what is socially optimal. In this paper, we evaluate how installation of individual meters affects water consumption....
Persistent link: https://www.econbiz.de/10012668511
The effectiveness of price as a water conservation measure remains an open empirical issue and relevant policy question. We conduct a meta-regression analysis that summarizes 615 estimates of the price elasticity of residential water demand, from 124 econometric studies. Large-sample studies...
Persistent link: https://www.econbiz.de/10012929675
Water is an increasingly scarce resource. It is often distributed such that consumers do not face any marginal cost of consumption, creating a common pool problem. For instance, tenants in multi-family buildings can often consume both hot and cold water at zero marginal cost. Using...
Persistent link: https://www.econbiz.de/10012625800
Studies of voluntary conservation response to changing information about an environmental problem have traditionally been synonymous with studies of information campaign effectiveness. As such, they have not been able to capture the response to actual changes in the environment. This paper takes...
Persistent link: https://www.econbiz.de/10014152536
Studies of voluntary conservation response to changing information about an environmental problem have traditionally been synonymous with studies of information campaign effectiveness. As such, they have not been able to capture the response to actual changes in the environment. This paper takes...
Persistent link: https://www.econbiz.de/10014177248
Water is an increasingly scarce resource. It is often distributed such that consumers do not face any marginal cost of consumption, creating a common pool problem. For instance, tenants in multi-family buildings can often consume both hot and cold water at zero marginal cost. Using...
Persistent link: https://www.econbiz.de/10013324406
We study the response of residential water demand to nonlinear prices by exploiting a natural experiment arising from a water pricing reform in a major Chinese city. The reform introduced an unconventional Increasing Block Tariff featuring prices set according to annual cumulative consumption...
Persistent link: https://www.econbiz.de/10014030945
William Forster Lloyd's 1833 sketch about poor cattle on the commons and the well-fed animals on the adjacent enclosures published in his "Two lectures on the checks to population" has hitherto been assessed as one starting point of the economics of renewable resources. In the 20th century the...
Persistent link: https://www.econbiz.de/10010252203
In river systems, costly upstream pollution abatement creates downstream welfare gains. Absent adequate agreement on how to share the gains, upstream regions lack incentives to reduce pollution levels. We develop a model that makes explicit the impact of water quality on production benefits and...
Persistent link: https://www.econbiz.de/10012654829
In river systems, costly upstream pollution abatement creates downstream welfare gains. Absent adequate agreement on how to share the gains, upstream regions lack incentives to reduce pollution levels. We develop a model that makes explicit the impact of water quality on production benefits and...
Persistent link: https://www.econbiz.de/10012622928