Seasonality In Community Water Demand
AbstractSecondary data and survey information are used to develop a large data set for analyzing water demand in 221 communities. The resulting monthly data are employed to examine seasonal variability in consumer price sensitivity. Several functional forms are contrasted for their abilities to identify monthly price elasticities. Results demonstrate the statistical contribution of a new climate variable for fitting monthly data, generally indicate that summer price elasticities exceed winter price elasticities by 30%, and appear to reject the use of the translog functional form as well traditional linear and Cobb-Douglas forms for statistical analyses of pooled monthly data. The generalized Cobb-Douglas and augmented Fourier forms are more viable alternatives for pooled monthly data.
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Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.
Volume (Year): 16 (1991)
Issue (Month): 02 (December)
Demand and Price Analysis; Resource /Energy Economics and Policy;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- James J. Opaluch, 1982. "Urban Residential Demand for Water in the United States: Further Discussion," Land Economics, University of Wisconsin Press, vol. 58(2), pages 225-227.
- Cai, Yongxia & McCarl, Bruce A., 2009. "Climate Change and Texas Water Planning: an Economic Analysis of Inter-basin Water Transfers," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49933, Agricultural and Applied Economics Association.
- Jordan, Jeffrey L., 1998. "Georgia Water Series -- Issue 4: Issues In Water Pricing," Faculty Series 16652, University of Georgia, Department of Agricultural and Applied Economics.
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