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AN EMPIRICAL SURVEY OF RESIDENTIAL WATER DEMAND MODELLING
Author(s) -
Worthington Andrew C.,
Hoffman Mark
Publication year - 2008
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/j.1467-6419.2008.00551.x
Subject(s) - economics , demand management , estimation , consumption (sociology) , demand side , water use , water consumption , survey data collection , public economics , natural resource economics , environmental economics , agricultural economics , macroeconomics , water resource management , environmental science , ecology , social science , statistics , management , mathematics , sociology , biology
The increased reliance on demand‐side management policies as an urban water consumption management tool has stimulated considerable debate among economists, water utility managers, regulators, consumer interest groups and policymakers. In turn, this has fostered an increasing volume of literature aimed at providing best‐practice estimates of price and income elasticities, quantifying the impact of non‐price water restrictions and gauging the impact of non‐discretionary environmental factors affecting residential water demand. This paper provides a synoptic survey of empirical residential water demand analyses conducted in the last 25 years. Both model specification and estimation and the outcomes of the analyses are discussed.