Three Essays In The Economics Of Suburban Water Demand
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Three Essays In The Economics Of Suburban Water Demand
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Author : Mahesh Ramachandran
language : en
Publisher:
Release Date : 2010
Three Essays In The Economics Of Suburban Water Demand written by Mahesh Ramachandran and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Suburbs categories.
Essays On Water Resource Economics
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Author : Daniel A. Brent
language : en
Publisher:
Release Date : 2013
Essays On Water Resource Economics written by Daniel A. Brent and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Water-supply categories.
A canonical example in economics of the difference between marginal and total value is the diamond-water paradox. The high price of diamonds is derived from their rarity; whereas the price of water is low due to its abundance, even though it is essential to sustain human life. Scarcity, rather than abundance, better characterizes water availability for many people and this dissertation studies how applied economic principles can be utilized to manage water resources. The first chapter estimate the costs of water volatility in the agricultural sector through a hedonic analysis of heterogeneous water rights. Security for water rights is capitalized into the value of agricultural land, which informs the magnitude and distributional welfare effects of droughts. Tests for an endogenous changepoint fails find a time-varying price premium, indicating that the costs of increased water volatility due to climate change are not manifested in agricultural property markets. The second and third chapters focus on economic and behavioral incentives in urban municipal water demand. Chapter 2 presents a disaggregated model of water demand to separately estimate intensive and extensive margin demand elasticity. Identification is achieved through a novel method merging remotely sensed satellite data on vegetative cover with water metering records. The time series of vegetative cover captures changes in landscape over time and identifies the extensive margin elasticity - a parameter that has only been estimated implicitly through the difference in short run and long run demand. Households that maintain green lawns are less responsive to prices than households either change landscapes or have a mixed landscape. Higher water rates increase the probability of converting to low water-intensive landscapes, which in turn is a major driver of long-run demand. The extensive margin with respect to changing landscapes comprises 7%-48% of total elasticity for households with significant outdoor water use. The final chapter examines the impact of non-pecuniary incentives stemming from the behavioral economics literature on water demand. In a randomized field experiment social comparisons are found to significantly decrease water demand with substantial heterogeneity both across and within utilities. The utility with the highest average treatment effect saved three times as much water in percentage terms as the utility with the lowest average treatment effect. Higher users are more responsive to the program and there are important interactions between social norms and existing utility conservation programs. Water resources face stress due to population growth, rising incomes, and climate change and these stressors will only increase in the future. This dissertation addresses several key issues in agricultural and residential that aim to increase knowledge and aid public policy of managing water resources in times of scarcity.
Three Essays In Water And Climate Economics
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Author : Nicholas Anthony Potter
language : en
Publisher:
Release Date : 2021
Three Essays In Water And Climate Economics written by Nicholas Anthony Potter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with Environmental economics categories.
This dissertation includes three chapters on the economics of climate, water resources, agricultural production, and conflict. Chapter one is an introduction. In chapter two I provide an analysis of the impact of exposure to temperature on returns to irrigated and nonirrigated cropland. Chapter three is a theoretical approach to understand the economic implications of the forfeiture of water rights for nonuse. Chapter four looks at the relationship between drought, conflict, and governance using a disaggregated spatial analysis.Chapter two is on temperature effects on snowpack-dependent surfacewater irrigated production systems in the western US. Irrigated production in that region is characterized by a diverse mix of high value crops, so producers may have more of an ability to adapt to hotter temperatures. I focus on county rental prices for irrigated and nonirrigated cropland and find that economic returns to cropland begin to decrease starting at about 25℗ʻC for irrigated acres and 20℗ʻC for nonirrigated acres.Chapter three covers the economic history that led to the creation of forfeiture policies for the nonuse of surface water rights in the western US. I develop a theory of water rights under prior appropriations with forfeiture and use it to examine why forfeiture policies were adopted in all western states that allocate water via prior appropriation. Forfeiture reduced risk to junior water rights holders and limited speculative water claims, but did so at the cost of increased transaction costs when trading water rights. While these were small when remaining water resources were available to be claimed, they are significantly more costly when all water in a basin has been allocated.In chapter four I combine a spatiotemporal grid of drought and geolocated conflict with several measures of governance characteristics to examine how governance mediates the relationship between drought and conflict. I find little evidence of a relationship between drought and conflict in Africa and Latin and South America. In countries that are more democratic or in which doing business is easier, an increase in drought reduces the likelihood of riot incidence. Other governance measures have no discernible effect.
Three Essays On The Economics Of Water Quality In The United States
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Author : David Andrew Keiser
language : en
Publisher:
Release Date : 2014
Three Essays On The Economics Of Water Quality In The United States written by David Andrew Keiser and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Information As A Tool For Urban Water Conservation
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Author : Natalie Danielle Popovich
language : en
Publisher:
Release Date : 2019
Information As A Tool For Urban Water Conservation written by Natalie Danielle Popovich and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
Chapter 1 examines the response to WaterSmart, a program intended to reduce residential water use through the use of social comparisons. In contrast to previous findings on social comparison programs meant to reduce water use, I find that average reductions in the year following treatment are larger than those during the treatment period, although smaller in general. I do not find that this persistent reduction can be explained by an increase in investment in physical capital, via rebates. While home water reports delivered by mail reduce water use by 3.4 times more than those delivered by email, the low marginal cost of email reports make them about three times more cost effective. Targeting high-users with print reports and moderate users with email reports could potentially improve the cost-effectiveness of social comparisons programs for utilities. Chapter 2 evaluates how to introduce non-linear pricing of a natural monopoly in practice. We deploy an event study framework that exploits the transition from flat rate to volumetric pricing in the residential water setting. Using household level panel data on water use, estimate the short-run price elasticity of demand for water in each of the 24 months following the price change. I find that volumetric pricing led to a large and permanent reduction in water use. This reduction also occurred in the two months preceding the price change, in response to personalized information on expected expenditure under the new tariff. These findings suggest that prices coupled with information may be more effective than either price or non-price mechanisms at managing water demand. Chapter 3 introduces a preliminary conceptual framework to incorporate information feedback loops into the water management structure. Drawing on principles of systems thinking and the circular economy, this chapter aims to explain how modeling information stocks explicitly can provide more useful explanations for how and why water users may respond to specific policy mechanisms.
Essays On The Economics Of Water
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Author : Nicholas William Hagerty
language : en
Publisher:
Release Date : 2018
Essays On The Economics Of Water written by Nicholas William Hagerty and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This thesis studies three questions in the economics of water resource management. Chapter 1 estimates the economic gains available from greater use of large-scale water markets in California. I develop a revealed-preference empirical approach that exploits observed choices in the existing water market, and I apply it to comprehensive new data on California’s water economy. This approach overcomes the challenge posed by transaction costs, which insert an unobservable wedge between observed prices and marginal valuations. First, I directly estimate transaction costs and use them to recover equilibrium marginal valuations. Then, I use supply shocks to estimate price elasticities of demand, which govern how marginal valuations vary with quantity. I find even a relatively modest market scenario would create additional benefits of $480 million per year, which can be weighed against both the benefits of existing market restrictions and the setup costs of larger-scale markets. Chapter 2 estimates the possible costs of industrial water pollution to agriculture in India, focusing on 63 industrial sites identified by the central government as “severely polluted.” I exploit the spatial discontinuity in pollution concentrations that these sites generate along a river. First, I show that these sites do in fact coincide with a large, discontinuous rise in pollutant concentrations in the nearest river. Then, I find some evidence that agricultural revenues may be substantially lower in districts immediately downstream of polluting sites, relative to districts immediately upstream of the same site in the same year. These results suggest that damages to agriculture could represent a major cost of water pollution. Chapter 3, co-authored with Ariel Zucker, presents an experimental protocol for a project that pays smallholder farmers in India to reduce their consumption of groundwater. This project will test the effectiveness of payments for voluntary conservation – a policy instrument that may be able to sidestep regulatory constraints common in developing countries. It will also measure the price response of demand for groundwater in irrigated agriculture, a key input to many possible reforms. Evidence from a pilot suggests that the program may have reduced groundwater pumping by a large amount, though confidence intervals are wide.
Three Essays On The Economics Of Water Quality And Availability
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Author : Saman Olfati
language : en
Publisher:
Release Date : 2008
Three Essays On The Economics Of Water Quality And Availability written by Saman Olfati and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Salinization categories.
Essays In Water Resource Economics
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Author :
language : en
Publisher:
Release Date : 2014
Essays In Water Resource Economics written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Essays On Environmental And Energy Economics
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Author : Zeyu Wang
language : en
Publisher:
Release Date : 2022
Essays On Environmental And Energy Economics written by Zeyu Wang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
This dissertation studies the household-level demand model for water and electricity, with the three chapters focusing on different aspects of the demand model. The first chapter, co-authored with my advisor, Frank Wolak, formulates and estimates a household-level, billing-cycle water demand model under increasing block prices that accounts for the impact of monthly weather variation, the amount of vegetation on the household's property, and customer-level heterogeneity in demand due to household demographics. The model utilizes US Census data on the distribution of household demographics in the utility's service territory to recover the impact of these factors on water demand. An index of the amount of vegetation on the household's property is obtained from NASA satellite data. The household-level demand models are used to compute the distribution of utility-level water demand and revenues for any possible price schedule. It can be used to design nonlinear pricing plans that achieve competing revenue or water conservation goals, which is crucial for water utilities to manage increasingly uncertain water availability yet still remain financially viable. Knowledge of how these demands differ across customers based on observable household characteristics can allow the utility to reduce the utility-wide revenue or sales risk it faces for any pricing plan. Knowledge of how the structure of demand varies across customers can be used to design personalized (based on observable household demographic characteristics) increasing block price schedules to further reduce the risk the utility faces on a system-wide basis. For the utilities considered, knowledge of the customer-level demographics that predict demand differences across households reduces the uncertainty in the utility's system-wide revenues from 22 to 84 percent. Further reductions in the uncertainty in the utility's system-wide revenues, in the range of 10 to 79 percent, are possible by re-designing the utility's nonlinear price schedules to minimize the revenue risk it faces given the distribution of household-level demand in its service territory. The second chapter, co-authored with Frank again, estimates a model of the household-level demand for electricity services such as lighting, heating and cooling, home appliances, and business use in the Indian state of Rajasthan using a combination of household-level survey data and administrative data. This model incorporates customer-level demographic characteristics, billing cycle-level weather variables, and the fact that households are subject to electricity outages and face increasing block price schedules for their electricity consumption. We estimate two versions of the model that differ in how the relationship between electricity use and consumption of each electricity service is modeled. The first model uses a shape-constrained kernel regression and the second model uses a customer-level constant elasticity of electricity consumption with respect to energy service model. Both energy service demand models produce estimates of the response of each of the above four categories of energy services to changes in the price of each energy service. Both versions of the model also produce estimates of the marginal willingness to pay for an additional hour of each of the four categories of energy services. The mean marginal willingness to pay across customers for an additional hour an energy service is the smallest for lighting and the largest for home appliance services. The third chapter studies whether consumers respond to increasing block tariffs. Although increasing block tariffs have been widely adopted by water and electricity utilities, some previous literature claims that consumers only respond to the average price, rather than the increasing block tariffs or the marginal price. In this chapter, we examine the empirical strategies proposed by previous literature, and test whether they are sufficient to conclude if consumers respond to the increasing block tariffs or other perceived prices. We utilize the household-level demand model in the first chapter that responds to the entire price schedule, including all price tiers and quantity cutoffs. We construct a dataset with consumption data simulated using this model. Applying empirical strategies proposed by previous literature to the simulated dataset fails to identify the underlying demand model, and still concludes that consumers respond to the average price. This suggests that current empirical evidences are not sufficient to exclude that consumers respond to the increasing block tariffs. Further investigations are needed to understand the water/electricity consumption decision.
Information Environmental Policy And Aquacultural Expansion
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Author : April Athnos
language : en
Publisher:
Release Date : 2022
Information Environmental Policy And Aquacultural Expansion written by April Athnos and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with Electronic dissertations categories.
Private management of non-point sources of pollution is an important concept in economics. Regulators are often unable to trace pollutants to their origins and efforts to limit many disaggregated sources of pollution are costly and invasive. Wells and septic systems, common in the rural and suburban United States, represent privately-owned non-point water pollution sources when they fail to protect households and water resources. "Time of Sale or Transfer" (TOST) policies are gaining popularity across the state of Michigan and in other states across the country to require rigorous well and septic system evaluations at the time a house is sold. In cases where threats to public and environmental health are identified, Health Department administrators impose mandatory repair or replacement orders. Without a letter of Health Department approval, a house with a well or septic system cannot be legally transferred. Despite the growing traction of these policies, however, little is known about the effects of TOST program adoption on the housing market. In lieu of empirical evidence, many homeowners and policymakers in Michigan claim that the policies suppress house prices and argue against the instruments. My first essay addresses this empirical gap in the economic literature by estimating the causal impact of policy adoption on house values. I use an event study approach to compare regulated well and septic system homes to a set of neighboring controls just outside the regulation area. Results suggest that there is not a large, statistically significant price decline following policy adoption, with evidence indicating a price penalty no larger than 4 percent.The second essay analyzes the effect of TOST inspection resulting in Health Department required corrective actions. I motivate my empirical strategy with a model of negative TOST information shocks during the contract closing period of a house sale. The data for this essay are inspection-sale pairs constructed by combining county-level inspection records, housing transaction records, and property characteristics. I identify a house price penalty of about 7.5 percent to 10.5 percent after TOST adoption by using a hedonic price model with structural controls, spatial controls, and time fixed effects. These results are robust to a repeat sales model specification as well as an approach controlling for building quality with assessor-assigned grades. Further, there is no evidence of significant heterogeneity based on whether a well or septic system triggers mandatory corrective action, whether the problems identified are high- or low-risk, or which Health Department administers the program. In contrast, a quantile regression shows strong evidence of price impacts led by the low end of the house price spectrum. This suggests that the houses that fail at the highest rates also experience the largest price penalties and belong to homeowners least able to shoulder the costs. Regulators must consider the heterogeneity of these pecuniary effects when regulating externality-generating on-site water systems through the housing market.The third essay studies how to expand aquaculture production int he North Central Region (NCR). U.S. per capita seafood consumption stands at an all-time high due to population and income growth and consumer preference shifts toward healthy proteins. U.S. aquaculture, however, has not kept pace and imports serve most of the U.S. fish market. This study estimates willingness-to-pay (WTP) for several search and credence fish attributes using a hypothetical choice experiment of U.S. fish consumers. Search attributes, like prices, can be readily discerned by consumers before purchase while credence attributes, such as region of production, cannot be easily identified before or after purchase and require labels. Our study varied attributes and levels over three species historically produced in the North Central Region (NCR) but underrepresented in the literature---rainbow trout, yellow perch, and walleye. Using a random utility framework, we identify average price premia of $1.64/lb., $1.97/lb., and $0.84/lb. for an NCR-specific label, wild-caught label, and fresh fillet forms, respectively. We also estimate marginal WTP for trout, yellow perch, and walleye of $19.99/lb., $15.89/lb., and $17.37/lb., respectively. Our findings suggest that NCR aquaculture producers can expand by intensifying trout production while continuing to market yellow perch and walleye in the region. Nationally, an NCR-source label is not valued more than a wild-caught label, implying that overcoming consumers' aversion to farmed fish will require more than marketing fish as products of the NCR.