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Sustainable Water Pricing And Demand Management Issues In Romania

Author

Listed:
  • Frone Simona

    () (Department of Sustainable Economic Development Institute of National Economy at the Romanian Academy)

  • Frone Dumitru Florin

    () (Faculty of Management, Economic Engineering in Agriculture and Rural Development University of Agricultural Sciences and Veterinary Medicine)

Abstract

This paper aims to highlight some of the issues and challenges raised by implementing the most efficient approach for water pricing, to induce a sustainable water demand management. Therefore, we define the concept and utility of water demand management, as one objective of efficient water pricing. Next we briefly analyse some features of the water demand function and show some empirical evidence on the true correlation between the water pricing and the demand of water in Romania. We end with conclusions and some personal recommendations on the actual opportunity, prospects, and challenges of sustainable water pricing.

Suggested Citation

  • Frone Simona & Frone Dumitru Florin, 2012. "Sustainable Water Pricing And Demand Management Issues In Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 937-942, May.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:937-942
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    More about this item

    Keywords

    water pricing; demand management; price elasticity; sustainable;

    JEL classification:

    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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