Estimation of the effects of price and billing frequency on household water demand using a panel of Wisconsin municipalities
作者： Steven Andrew Fenrick , Lullit Getachew
DOI: 10.1080/13504851.2011.629977
关键词: Economics 、 Price elasticity of demand 、 Microeconomics 、 Water consumption 、 Econometrics 、 Elasticity (economics) 、 Water conservation 、 Water demand 、 Price elasticity of supply 、 Random effects model 、 Demand curve
摘要: A demand function of residential water consumption is developed from a 1997 to 2006 panel 200 Wisconsin utilities. double-log functional form assumed and parameters are estimated using random effects model. The results suggest that the price inelastic yet negative statistically significant this elasticity response grows stronger as marginal level increased. Additionally, model reveals savings due monthly billing also annual technology adoption.
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