Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1002/2016WR020250 |
Functional forms and price elasticities in a discrete continuous choice model of the residential water demand | |
Lavin, F. A. Vasquez1,2,3; Hernandez, J. I.1,4,5; Ponce, R. D.1,2; Orrego, S. A.6 | |
2017-07-01 | |
发表期刊 | WATER RESOURCES RESEARCH
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ISSN | 0043-1397 |
EISSN | 1944-7973 |
出版年 | 2017 |
卷号 | 53期号:7 |
文章类型 | Article |
语种 | 英语 |
国家 | Chile; Colombia |
英文摘要 | During recent decades, water demand estimation has gained considerable attention from scholars. From an econometric perspective, the most used functional forms include log-log and linear specifications. Despite the advances in this field and the relevance for policymaking, little attention has been paid to the functional forms used in these estimations, and most authors have not provided justifications for their selection of functional forms. A discrete continuous choice model of the residential water demand is estimated using six functional forms (log-log, full-log, log-quadratic, semilog, linear, and Stone-Geary), and the expected consumption and price elasticity are evaluated. From a policy perspective, our results highlight the relevance of functional form selection for both the expected consumption and price elasticity. Plain Language Summary During recent decades, water demand estimation has gained considerable attention from scholars. From an econometric perspective, the most used functional forms include logarithmic and linear specifications. Despite the advances in this field and the relevance for policymaking, little attention has been paid to the functional forms used in these estimations, and most authors have not provided justifications for their selection of functional forms. A discrete continuous choice model of the residential water demand is estimated using six functional forms, and the expected consumption and price elasticity are evaluated. From a policy perspective, our results highlight the relevance of functional form selection for both the expected consumption and price elasticity. |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000407895000060 |
WOS关键词 | MUNICIPAL WATER ; ELECTRICITY ; PERCEPTION |
WOS类目 | Environmental Sciences ; Limnology ; Water Resources |
WOS研究方向 | Environmental Sciences & Ecology ; Marine & Freshwater Biology ; Water Resources |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/21304 |
专题 | 资源环境科学 |
作者单位 | 1.Univ Desarrollo, Sch Business & Econ, Concepcion, Chile; 2.Univ Concepcion, Water Res Ctr Agr & Min, Concepcion, Chile; 3.Univ Concepcion, Res Nucleus Environm & Nat Resource Econ, Concepcion, Chile; 4.Univ Desarrollo, Sustainabil Res Ctr, Concepcion, Chile; 5.Univ Desarrollo, Strateg Resource Management CISGER, Concepcion, Chile; 6.Univ Nacl Colombia, Dept Forest Sci, Sede Medellin, Medellin, Colombia |
推荐引用方式 GB/T 7714 | Lavin, F. A. Vasquez,Hernandez, J. I.,Ponce, R. D.,et al. Functional forms and price elasticities in a discrete continuous choice model of the residential water demand[J]. WATER RESOURCES RESEARCH,2017,53(7). |
APA | Lavin, F. A. Vasquez,Hernandez, J. I.,Ponce, R. D.,&Orrego, S. A..(2017).Functional forms and price elasticities in a discrete continuous choice model of the residential water demand.WATER RESOURCES RESEARCH,53(7). |
MLA | Lavin, F. A. Vasquez,et al."Functional forms and price elasticities in a discrete continuous choice model of the residential water demand".WATER RESOURCES RESEARCH 53.7(2017). |
条目包含的文件 | 条目无相关文件。 |
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