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Tekijä: | Timmins, C. |
Otsikko: | Demand-side technology standards under inefficient pricing regimes: are they effective water conservation tools in the long-run? |
Lehti: | Environmental and Resource Economics
2003 : SEP, VOL. 26:1, p. 107-124 |
Asiasana: | Environmental economics Water resources Pricing Technology Simulation |
Kieli: | eng |
Tiivistelmä: | 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. |
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