haku: @journal_id 687 / yhteensä: 298
viite: 7 / 298
Tekijä: | Nauges, C. Thomas, A. |
Otsikko: | Long-run study of residential water consumption |
Lehti: | Environmental and Resource Economics
2003 : SEP, VOL. 26:1, p. 25-43 |
Asiasana: | Environmental economics Econometric models Water resources Water supply industry Prices |
Kieli: | eng |
Tiivistelmä: | The authors show that a dynamic model of water consumption can be derived from a structural optimisation program solved by local communities. This nonlinear model is estimated on a sample of French municipalities and is found asymptotically equivalent to a dynamic panel data model that is linear in the parameters. The authors propose a new Generalized Method of Moments (GMM) procedure that yields consistent and efficient estimates of short- and long-run price elasticities. |
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