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Price responsiveness of the industrial demand for water
Author(s) -
De Rooy Jacob
Publication year - 1974
Publication title -
water resources research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.863
H-Index - 217
eISSN - 1944-7973
pISSN - 0043-1397
DOI - 10.1029/wr010i003p00403
Subject(s) - derived demand , economics , order (exchange) , industrial water , econometrics , sensitivity (control systems) , microeconomics , demand curve , market demand schedule , on demand , natural resource economics , environmental science , environmental economics , engineering , commerce , waste management , finance , electronic engineering
In order to determine the sensitivity of the industrial demand for water to changes in price a simple set of demand equations is formulated and tested with data on water use by 30 large plants. Results suggest that firms do adjust quantities demanded in response to even small price changes. Demand is also significantly affected by changes in output, by technological improvements, and by employment.