Fenrick, Steven Andrew; Getachew, Lullit - In: Applied Economics Letters 19 (2012) 14, pp. 1373-1380
A demand function of residential water consumption is developed from a 1997 to 2006 panel of 200 Wisconsin water utilities. A double-log functional form is assumed and parameters are estimated using a random effects model. The results suggest that the price is inelastic yet negative and...