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Functional forms and price elasticities in a discrete continuous choice model of the residential water demand

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dc.contributor.author Vásquez Lavín, Felipe
dc.contributor.author Hernández, J. I.
dc.contributor.author Ponce Oliva, Roberto
dc.contributor.author Orrego, S. A.
dc.date.accessioned 2018-03-15T21:05:08Z
dc.date.available 2018-03-15T21:05:08Z
dc.date.issued 2017
dc.identifier.citation Water Resources Research, 2017, Volumen: 53, Número: 7, Páginas: 6296-6311 es_CL
dc.identifier.uri http://hdl.handle.net/11447/2044
dc.identifier.uri http://dx.doi.org/10.1002/2016WR020250
dc.description.abstract During recent decades, water demand estimation has gained considerable attention from scholars. From an econometric perspective, the most used functional forms include log-log and linear specifications. Despite the advances in this field and the relevance for policymaking, little attention has been paid to the functional forms used in these estimations, and most authors have not provided justifications for their selection of functional forms. A discrete continuous choice model of the residential water demand is estimated using six functional forms (log-log, full-log, log-quadratic, semilog, linear, and Stone-Geary), and the expected consumption and price elasticity are evaluated. From a policy perspective, our results highlight the relevance of functional form selection for both the expected consumption and price elasticity Plain Language Summary During recent decades, water demand estimation has gained considerable attention from scholars. From an econometric perspective, the most used functional forms include logarithmic and linear specifications. Despite the advances in this field and the relevance for policymaking, little attention has been paid to the functional forms used in these estimations, and most authors have not provided justifications for their selection of functional forms. A discrete continuous choice model of the residential water demand is estimated using six functional forms, and the expected consumption and price elasticity are evaluated. From a policy perspective, our results highlight the relevance of functional form selection for both the expected consumption and price elasticity. es_CL
dc.language.iso en es_CL
dc.subject Municipal water es_CL
dc.subject Electricity es_CL
dc.subject Perception es_CL
dc.title Functional forms and price elasticities in a discrete continuous choice model of the residential water demand es_CL
dc.type Article es_CL


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