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Current Issues in the Economics of Water Resource Management
. Ed(S): Pashardes, Panos; Swanson, Timothy M.; Xepapadeas, Anastasios
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Description for Current Issues in the Economics of Water Resource Management
Paperback. Editor(s): Pashardes, Panos; Swanson, Timothy M.; Xepapadeas, Anastasios. Series: Economy and Environment. Num Pages: 234 pages, biography. BIC Classification: KCN; LNKJ; RBK. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 13. Weight in Grams: 385.
The marginal price elasticities estimated by Martinez-Espineira conforms to expectation. The price specification that accounts for the changing proportion of water users in each block yields a higher elasticity (-0. 47) compared to the spec ification ignoring this feature of the data. However, this difference is not found to be statistically significant, a result attributed to the low power of the test (small sample size limiting the accuracy of estimates). In conclusion, the paper provides a theoretically correct price specification for demand functions under block pricing and aggregate data. The empirical findings in the paper, however, are not conclusive and ... Read more
The marginal price elasticities estimated by Martinez-Espineira conforms to expectation. The price specification that accounts for the changing proportion of water users in each block yields a higher elasticity (-0. 47) compared to the spec ification ignoring this feature of the data. However, this difference is not found to be statistically significant, a result attributed to the low power of the test (small sample size limiting the accuracy of estimates). In conclusion, the paper provides a theoretically correct price specification for demand functions under block pricing and aggregate data. The empirical findings in the paper, however, are not conclusive and ... Read more
Product Details
Format
Paperback
Publication date
2010
Publisher
Springer Netherlands
Number of pages
234
Condition
New
Series
Economy and Environment
Number of Pages
234
Place of Publication
Dordrecht, Netherlands
ISBN
9789048159864
SKU
V9789048159864
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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