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| Author: | Timmins, C. |
| Title: | Demand-side technology standards under inefficient pricing regimes: are they effective water conservation tools in the long-run? |
| Journal: | Environmental and Resource Economics
2003 : SEP, VOL. 26:1, p. 107-124 |
| Index terms: | Environmental economics Water resources Pricing Technology Simulation |
| Language: | eng |
| Abstract: | When price-setting regulators have objectives other than maximizing social surplus, the conservation potential of demand-side technology standards can be significantly diminished. This paper demonstrates this by empirically recovering the socially sub-optimal preferences of a group of water managers in a groundwater-dependent region of California and simulating their inefficient price response to the mandated adoption of low-flow appliances by homeowners. |
SCIMA