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| Tekijä: | Nataraj, S. Hanemann, W.M. |
| Otsikko: | Does marginal price matter? A regression discontinuity approach to estimating water demand |
| Lehti: | Journal of Environmental Economics and Management
2011 : MAR, VOL. 61:2, p. 198-212 |
| Asiasana: | USA water resources demand pricing regression analysis |
| Kieli: | eng |
| Tiivistelmä: | Despite complex pricing schedules are more common among water and electricity providers, it is difficult to define if consumers respond to changes in the pricing schedule due to price changes being often confounded with simultaneous demand shocks or due to non-price policies. Hence, utilized is a natural experiment, that is, the introduction of a 3rd price block in an increasing block pricing schedule for water, in Santa Cruz, California, U.S. Using a regression discontinuity design, it is found that consumers do respond to changes in marginal price. Doubling marginal price leads to a 12 percent decrease in water use among households with high usage. |
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