Price elasticity of household water demand in the Czech Republic

Jana Hortová and Ladislav Krištoufek (lk@fsv.cuni.cz)
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Jana Hortová: Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Smetanovo nábreží 6, 111 01 Prague 1, Czech Republic

No 2014/38, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: In the Czech Republic, water prices have been steadily increasing while water consumption has been decreasing during the last decades. A great deal of literature is devoted to the price elasticity of water demand but to the best of our knowledge, no similar study has been devoted entirely to the Czech Republic. In the paper, we examine the short and long-run price elasticities of water demand in the Czech Republic between years 2000 and 2011. We fi nd that the water demand is inelastic (lower than one) with respect to water price regardless of the time period and the income elasticity is on the edge of statistical signi cance. Our inferences are in line with previous fi ndings.of the estimation setup, the wavelet-based estimator may become an attractive robust alternative to the traditional methods

Keywords: water consumption; price elasticity; income elasticity (search for similar items in EconPapers)
JEL-codes: C54 Q25 Q53 (search for similar items in EconPapers)
Pages: 20pages
Date: 2014-12, Revised 2014-12
New Economics Papers: this item is included in nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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