Estimation of price and income elasticity of residential water demand in the Czech Republic over three decades
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F21%3A10426043" target="_blank" >RIV/00216208:11230/21:10426043 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11690/21:10426043
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=.OT58gix3E" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=.OT58gix3E</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1111/joca.12358" target="_blank" >10.1111/joca.12358</a>
Alternative languages
Result language
angličtina
Original language name
Estimation of price and income elasticity of residential water demand in the Czech Republic over three decades
Original language description
This paper contributes to residential water demand literature by providing price and income elasticity estimates for a country which has undergone deep structural, institutional and economic changes. We analyze short-run and long-run residential water demand using household-level data for the Czech Republic for the period of 1993-2016, during which the price of water nearly tripled, consumption decreased by a third, and families became considerably richer. Our estimates of price and income elasticity indicate low responsiveness of households to changes of these factors. Income elasticity is about +0.16 and it is robust across models. The short-run price elasticity is about -0.22, on the low end of estimates derived for other developed economies. Long-run price elasticity is around -0.30. While households were more price responsive during the period of economic transformation, they became completely unresponsive during the later economic boom.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - 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
<a href="/en/project/GX19-26812X" target="_blank" >GX19-26812X: Frontiers in Energy Efficiency Economics and Modelling - FE3M</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Consumer Affairs
ISSN
0022-0078
e-ISSN
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Volume of the periodical
55
Issue of the periodical within the volume
2
Country of publishing house
US - UNITED STATES
Number of pages
29
Pages from-to
580-608
UT code for WoS article
000632997100001
EID of the result in the Scopus database
2-s2.0-85103138357