Measuring the income elasticity of water demand: The importance of publication and endogeneity biases
Result description
We present the first study that examines the effects of publication selection in the literature estimating the income elasticity of water demand. Paradoxically, more affected by publication selection are the otherwise preferable estimates that control for endogeneity. Attempting to correct simultaneously for publication and endogeneity biases, we find that the mean underlying elasticity is approximately 0.15 or less. The result is robust to controlling for more than 30 characteristics of the estimates and accounting for model uncertainty. The differences in the reported estimates are systematically driven by differences in the tariffstructure, regional coverage, data granularity, and control for temperature.
Keywords
METAANALYSISTIME-SERIESCHOICE APPROACHECONOMIC-GROWTHHOUSEHOLD DEMANDPRICE INFORMATIONGROWTH DETERMINANTSINCREASING BLOCK RATESCENTRAL-AMERICAN CITIESURBAN RESIDENTIAL DEMAND
The result's identifiers
Result code in IS VaVaI
Result on the web
DOI - Digital Object Identifier
Alternative languages
Result language
angličtina
Original language name
Measuring the income elasticity of water demand: The importance of publication and endogeneity biases
Original language description
We present the first study that examines the effects of publication selection in the literature estimating the income elasticity of water demand. Paradoxically, more affected by publication selection are the otherwise preferable estimates that control for endogeneity. Attempting to correct simultaneously for publication and endogeneity biases, we find that the mean underlying elasticity is approximately 0.15 or less. The result is robust to controlling for more than 30 characteristics of the estimates and accounting for model uncertainty. The differences in the reported estimates are systematically driven by differences in the tariffstructure, regional coverage, data granularity, and control for temperature.
Czech name
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Czech description
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Classification
Type
Jimp - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Land Economics
ISSN
0023-7639
e-ISSN
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Volume of the periodical
94
Issue of the periodical within the volume
2
Country of publishing house
US - UNITED STATES
Number of pages
25
Pages from-to
259-283
UT code for WoS article
000431854600007
EID of the result in the Scopus database
2-s2.0-85046757535
Basic information
Result type
Jimp - Article in a specialist periodical, which is included in the Web of Science database
OECD FORD
Economic Theory
Year of implementation
2018