EconPapers    
Economics at your fingertips  
 

The Price Elasticity of Demand of Australian Urban Residential Consumers and Water Restrictions

Malcolm Abbott and My Tran

International Business Research, 2020, vol. 13, issue 3, 153

Abstract: The aim of this article is to provide derived estimates of the price elasticity of demand for water for residential urban consumers in Australia over the years 2005/06 to 2016/17. The results of the study indicate that higher water and sewerage prices, bundled together, are associated with lower demand for water. The relationship, therefore, between the prices of water and sewerage and demand for water is a negative one. This relationship, however, is a relatively inelastic one, that is a large change in price is required before there is much of a change in demand for water. With the supply of water in most Australian urban centers are controlled by monopoly suppliers this means that there is some scope for water restrictions to negate this market power.

JEL-codes: R00 Z0 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.ccsenet.org/journal/index.php/ibr/article/download/0/0/42122/43830 (application/pdf)
http://www.ccsenet.org/journal/index.php/ibr/article/view/0/42122 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibn:ibrjnl:v:13:y:2020:i:3:p:153

Access Statistics for this article

More articles in International Business Research from Canadian Center of Science and Education Contact information at EDIRC.
Bibliographic data for series maintained by Canadian Center of Science and Education ().

 
Page updated 2020-03-28
Handle: RePEc:ibn:ibrjnl:v:13:y:2020:i:3:p:153