Schleich, Joachim; Hillenbrand, Thomas - 2019
prices. The short-run (long-run) price elasticity is estimated at around 4.2% (13%), but water demand appears to respond … asymmetrically to rising and falling prices. When prices are rising, the short-run (long-run) price elasticity is around 6.5% (18 …%). When prices are falling, the short-run price elasticity is not statistically different from zero, and the long-run price …