On the Specification of Price in Studies of Consumer Demand under Block Price Scheduling

Henry S. Foster, Jr. and Bruce R. Beattie

Land Economics, 1981, vol. 57, issue 4, 624-629

Abstract: Using a new model formulation and data from a sample of Colorado utilities, we investigated the price specification controversy (marginal price versus average revenue) when estimating residential water demand. The improved statistical fit using average ...

Date: 1981
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