AWWA JAW3871
Journal AWWA - Can Prices Tame the Inflationary Tiger?
Journal Article by American Water Works Association, 08/01/1980
Beattie, Bruce R.;Foster, Henry S., Jr.
Full Description
Price does affect the consumer's need (demand) for a resource, according to a nationwide study of urban residential water demand in the U.S. A single-equation econometric demand model was derived from the data, which suggest that increasing need for a good or service is a direct function of low price. The authors believe that by using price as a tool, water utilities can regulate user demand, offset inflation, and discourage water waste. Includes 14 references, tables, figures.