Residential Demand for Water in the Chicago Metropolitan Area1

Autor:	Taro Mieno, John B. Braden
Rok vydání:	2011
Předmět:	Price elasticity of demand Water resources Water conservation Ecology Equity (finance) Economics Differential (mechanical device) Price response Metropolitan area Water use Agricultural economics Earth-Surface Processes Water Science and Technology
Zdroj:	JAWRA Journal of the American Water Resources Association. 47:713-723
ISSN:	1093-474X 1752-1688
DOI:	10.1111/j.1752-1688.2011.00536.x
Popis:	Mieno, Taro and John B. Braden, 2011. Residential Demand for Water in the Chicago Metropolitan Area. Journal of the American Water Resources Association (JAWRA) 47(4):713-723. DOI: 10.1111/j.1752-1688.2011.00536.x Abstract: This paper provides the first contemporary analysis of residential water demand in humid Northeastern Illinois, in the vicinity of Chicago, and explores seasonal and income-based differentials in the responsiveness of water use to water prices. Using a panel of system-level data for eight water systems and controlling for seasons, weather, incomes, and community characteristics, the analysis yields low estimates of price elasticity of demand for water in line with other studies. Furthermore, price response is greater in summer and less in higher income communities. We suggest that use of seasonal pricing can help mitigate equity issues arising from differential income elasticities while taking advantage of the greater price responsiveness of summertime water use.
Databáze:	OpenAIRE
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