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

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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 q

Water

Using economic and other performance measures to evaluate a municipal drought plan

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This paper explores the welfare costs associated with drought plan transactions between a public municipal water agency, the El Dorado Irrigation District (EID) in California in the USA and its customers. The EID imposes a tiered pricing plan for municipal customers, which was analyzed as a discrete continuous choice (DCC) model by water users within a climate driven water evaluation and planning (WEAP) model of the EID water system.

Water