Estimation of price and income elasticity of residential water demand in the Czech Republic over three decades

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/00216208:11690/21:10426043

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Estimation of price and income elasticity of residential water demand in the Czech Republic over three decades

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Estimation of price and income elasticity of residential water demand in the Czech Republic over three decades

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

<a href="/cs/project/GX19-26812X" target="_blank" >GX19-26812X: Excelence v ekonomickém výzkumu energetické efektivity a modelování dopadů - FE3M</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Consumer Affairs

ISSN

0022-0078

e-ISSN

—

Svazek periodika

55

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

29

Strana od-do

580-608

Kód UT WoS článku

000632997100001

EID výsledku v databázi Scopus

2-s2.0-85103138357