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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

  • Czech description

Classification

  • Type

    J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database

  • CEP classification

  • 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

  • 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