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Pricing Sydney Water

Grafton, R Quentin; Kompas, Thomas


The paper estimates an aggregate daily water demand for Sydney using rainfall, temperature, and price data from 2001 to 2005, and a dummy variable to account for reductions in demand following the introduction of water restrictions in October 2003. Analyses based on the estimated price elasticity, and also values one and two standard errors above and below this estimate, are used to model the effects of different pricing and water supply scenarios. The simulations indicate that without a...[Show more]

CollectionsANU Research Publications
Date published: 2007
Type: Journal article
Source: Australian Journal of Agricultural and Resource Economics
DOI: 10.1111/j.1467-8489.2007.00390.x


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