Evaluating the Sensitivity of Residential Water Demand Estimation to Model Specification and Instrument Choices

Evaluating the Sensitivity of Residential Water Demand Estimation to Model Specification and Instrument Choices

There is a substantial body of work that estimates residential water demand as a function of price, household characteristics, and weather. While most results suggest demand is inelastic, researchers have found qualitatively different estimates of price elasticity—both elastic (>1) and inelastic...

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Veröffentlicht in:Water resources research 2020-01, Vol.56 (1), p.n/a
Hauptverfasser: Puri, Roshan, Maas, Alexander
Format: Artikel
Sprache:eng
Schlagworte:
Demand
demand estimation
Economic models
Elasticity
Estimates
Households
Instruments
Motivation
Price elasticity
price instruments
residential water demand
Sensitivity analysis
sensitivity of water demand estimation
Specifications
Water conservation
Water demand
Water utilities
Weather
weather specification
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Beschreibung
Zusammenfassung:There is a substantial body of work that estimates residential water demand as a function of price, household characteristics, and weather. While most results suggest demand is inelastic, researchers have found qualitatively different estimates of price elasticity—both elastic (>1) and inelastic (
ISSN:0043-1397
1944-7973
DOI:10.1029/2019WR026156