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Long-run Study of Residential Water Consumption

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Author Info
Céline Nauges
Alban Thomas

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Abstract

The estimation of dynamic models and themeasure of long-run effects arerare in residential water demand studies. Weshow in this paper that a dynamicmodel of water consumption can be derived froma structural optimisation programsolved by local communities. Thisnonlinear model is estimated on asample of French municipalities and is foundasymptotically equivalent to a dynamic panel data model that is linear in theparameters. The latter includes anoriginal error-component structure that allowsfor a flexible heterogeneity pattern, including both the usual idiosyncraticeffect, and an additional individualeffect affected by a multiplicative time-varyingparameter. As usual GMM estimators for panel data are not consistent inthis case, we propose a new GMMprocedure that yields consistent and efficientestimates of short- and long-runprice elasticities (respectively −0.26 and−0.40). Copyright Kluwer Academic Publishers 2003

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File URL: http://hdl.handle.net/10.1023/A:1025673318692
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Publisher Info
Article provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

Volume (Year): 26 (2003)
Issue (Month): 1 (September)
Pages: 25-43
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Handle: RePEc:kap:enreec:v:26:y:2003:i:1:p:25-43

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  1. Ahn, Seung C. & Schmidt, Peter, 1997. "Efficient estimation of dynamic panel data models: Alternative assumptions and simplified estimation," Journal of Econometrics, Elsevier, vol. 76(1-2), pages 309-321. [Downloadable!] (restricted)
  2. Holtz-Eakin, Douglas & Newey, Whitney & Rosen, Harvey S, 1988. "Estimating Vector Autoregressions with Panel Data," Econometrica, Econometric Society, vol. 56(6), pages 1371-95, November. [Downloadable!] (restricted)
  3. Ahn, Seung C. & Schmidt, Peter, 1995. "Efficient estimation of models for dynamic panel data," Journal of Econometrics, Elsevier, vol. 68(1), pages 5-27, July. [Downloadable!] (restricted)
  4. Céline Nauges & Alban Thomas, 2003. "Consistent estimation of dynamic panel data models with time-varying individual effects," Annales d'Economie et de Statistique, ADRES, issue 70, pages 03, Avril-Jui. [Downloadable!]
  5. R Blundell & Steven Bond, . "Initial conditions and moment restrictions in dynamic panel data model," Economics Papers W14&104., Economics Group, Nuffield College, University of Oxford. [Downloadable!]
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  6. Anderson, T. W. & Hsiao, Cheng, 1982. "Formulation and estimation of dynamic models using panel data," Journal of Econometrics, Elsevier, vol. 18(1), pages 47-82, January. [Downloadable!] (restricted)
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(explanations, 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.)

  1. María Angeles García Valiñas, 2005. "Promotion and remuneration of university professors: from the LRU to the COU," Hacienda Pública Española, IEF, vol. 172(1), pages 119-143, June. [Downloadable!]
  2. Martinez-Espineira, Roberto, 2005. "An Estimation of Residential Water Demand Using Co-Integration and Error Correction Techniques," MPRA Paper 615, University Library of Munich, Germany, revised Jan 2006. [Downloadable!]
    Other versions:
  3. Alastair R. Hall & Denis Pelletier, 2007. "Non-Nested Testing in Models Estimated via Generalized Method of Moments," Working Paper Series 011, North Carolina State University, Department of Economics, revised Mar 2007. [Downloadable!]
  4. R. Quentin Grafton & Tom Kompas & Hang To & Michael Ward, . "Residential Water Consumption: A Cross Country Analysis," Environmental Economics Research Hub Research Reports 0923, Environmental Economics Research Hub, Crawford School, Australian National University. [Downloadable!]
  5. Maria de los Angeles Garcia Valiñas, 2006. "Analysing rationing policies: drought and its effects on urban users’ welfare (Analysing rationing policies during drought)," Applied Economics, Taylor and Francis Journals, vol. 38(8), pages 955-965, May. [Downloadable!] (restricted)
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