The effectiveness of price as a water conservation measure remains an open empirical issue and relevant policy question. We conduct a meta-regression analysis that summarizes 615 estimates of the price elasticity of residential water demand, from 124 econometric studies. Large-sample studies have recently converged on the central result of previous meta-analyses, namely the low value of average price elasticity (-0.40). However, owing to the availability of a broad dataset of studies, we single out a few policy measures and community traits that boost or depress the price elasticity of residents. If the discrete-continuous choice of consumers is modelled properly blockrate tariffs are found to push the water demand toward the realm of price responsiveness. An augmented meta-model reveals that water scarcity is also a significant driver of price elasticity. More specifically, an acute water scarcity can block the crowding-in effect of intrinsic motivations to save water.
Water saving: Do residential consumers respond to price? A meta-analysis / Marzano, Riccardo; Garrone, Paola; Grilli, Luca; Padula, Silvia. - (2015), pp. 1-32. ((Intervento presentato al convegno XXVI Riunione Scientifica Annuale AiIG tenutosi a Vicenza.
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Titolo: | Water saving: Do residential consumers respond to price? A meta-analysis | |
Autori: | ||
Data di pubblicazione: | 2015 | |
Citazione: | Water saving: Do residential consumers respond to price? A meta-analysis / Marzano, Riccardo; Garrone, Paola; Grilli, Luca; Padula, Silvia. - (2015), pp. 1-32. ((Intervento presentato al convegno XXVI Riunione Scientifica Annuale AiIG tenutosi a Vicenza. | |
Handle: | http://hdl.handle.net/11573/1245857 | |
Appartiene alla tipologia: | 04e Traduzione di atto di convegno in volume |