Demand specification for municipal water management: evaluation of the Stone-Geary form.
To specify demand in most water allocation problems, researchers face a tradeoff between flexibility and parsimony. Flexible forms are less constraining on elasticity estimates, but require large parameter sets that tend to cause poor out-of-sample forecasts and computational difficulties. Using a f...
| Publicado en: | Land Economics Vol. 77; no. 3; pp. 399 - 423 |
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| Autores principales: | , , |
| Formato: | Artículo |
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University of Wisconsin Press
August 2001
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510179230&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510179230 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00237639 LAE jtl: Land Economics issn: 00237639 maglogo: N pubinfo: dt: August 2001 vid: 77 iid: 3 pid: 249 pub: University of Wisconsin Press artinfo: ui: 510179230 10.2307/3147133 ppf: 399 ppct: 24 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.9MB tig: atl: Demand specification for municipal water management: evaluation of the Stone-Geary form. aug: au: Gaudin, Sylvestre Griffin, Ronald C. Sickles, Robin C. su: Municipal water supply Economic demand Water supply Texas sug: subj: Texas Municipal water supply Economic demand Water supply ab: To specify demand in most water allocation problems, researchers face a tradeoff between flexibility and parsimony. Flexible forms are less constraining on elasticity estimates, but require large parameter sets that tend to cause poor out-of-sample forecasts and computational difficulties. Using a five-year panel of Texas municipalities, the parsimonious Stone-Geary form yields estimated demand functions that are comparable to flexible form results. The Stone-Geary specification also provides an estimate of the portion of water use that may not be responsive to price, and is useful in analysing price structures and designing conservation policies. (JEL Q25, C23) Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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