ID:
publications-4455
Type:
article
Year:
2004
Authors:
ArbuΓ©s, Fernando and ArbuΓ©s, Fernando and OrtΓ, RamΓ³n BarberΓ΅n and BarberΓ΅n, RamΓ³n and VillanΓΊa, Inmaculada and VillanΓΊa, Inmaculada
Title:
Price impact on urban residential water demand: A dynamic panel data approach
Venue/Journal:
Water Resources Research
DOI:
10.1029/2004wr003092
Research type:
Water System:
Technical Focus:
Abstract:
[1]In this paper, we formulate and estimate a model of residential water demand with the aim of evaluating the potential of pricing policies as a mechanism for managing residential water. The proposed econometric model offers a new perspective on urban water demand analysis by combining microlevel data with a dynamic panel data estimation procedure. The empirical application suggests that residential users are more responsive to a lagged average price specification. Another result of the estimated model is that price is a moderately effective tool in reducing residential water demand within the present range of prices, with the estimated values for income elasticity and β€elasticity of consumption with respect to family sizeβ€ reinforcing this conclusion.
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