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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
Hardback. Water resource management is complicated in practice on account of the diverse nature of the resource and its many uses. This volume reports economic research on the theory, practice, and policy of water management. It is distinguished by the number and the range of the applications it considers. Editor(s): Pashardes, Panos; Swanson, Timothy M.; Xepapadeas, Anastasios. Series: Economy and Environment. Num Pages: 234 pages, biography. BIC Classification: KCN; RNF. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 235 x 155 x 15. Weight in Grams: 526.
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
Hardback
Publication date
2002
Publisher
Kluwer Academic Publishers United States
Number of pages
234
Condition
New
Series
Economy and Environment
Number of Pages
234
Place of Publication
New York, NY, United States
ISBN
9781402005428
SKU
V9781402005428
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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