Land Economics · 1991 · 114 citations · 14 references
Social SciencesEconomicsWater Resources ManagementMicroeconomicsPricing StrategyPricing TheoryConsumer Demand AnalysisConsumer TheoryDemand AnalysisDemand TheoryWater EconomicsWater PricingConsumer Price KnowledgePrice Elasticity PerceptionSimultaneous Equation EstimationSimultaneous Equation SystemsWater Consumption ElasticityWater Pricing Effects
A household's decision to acquire price knowledge is endogenous in the demand for utility services and may affect elasticities and consumption levels. A simultaneous equation model with endogenous switching is developed to evaluate the effects of price ...
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