Are Economic Tools Useful to Manage Residential Water Demand? A Review of Old Issues and Emerging Topics
The analysis of residential water demand has long attracted attention from researchers. However, the central topics at issue have evolved considerably, transitioning from estimating price and income elasticities to using experimental techniques that assess how to motivate households towards water co...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-08-01
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| Series: | Water |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2073-4441/14/16/2536 |
| _version_ | 1797441263087124480 |
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| author | María Ángeles García-Valiñas Sara Suárez-Fernández |
| author_facet | María Ángeles García-Valiñas Sara Suárez-Fernández |
| author_sort | María Ángeles García-Valiñas |
| collection | DOAJ |
| description | The analysis of residential water demand has long attracted attention from researchers. However, the central topics at issue have evolved considerably, transitioning from estimating price and income elasticities to using experimental techniques that assess how to motivate households towards water conservation. In this literature review, we contribute to the existing literature by giving an updated overview of the state of the art in the central topics regarding residential water demand. Moreover, we present some interesting lines of research to be explored in the future. Thus, we first review some traditional key drivers of residential water demand. Second, we discuss the role of public policies when managing residential water demand, paying special attention to pricing tools. Next, we briefly review some of the methodological issues with respect to traditional econometrics and discuss related modeling. We then discuss the role of experimental designs and nudging on residential water use. Finally, we include a summary of the main literature findings, and close the discussion introducing some emerging and promising research topics. |
| first_indexed | 2024-03-09T12:20:32Z |
| format | Article |
| id | doaj.art-1b595b95aa124ed78c6ccd34078df8fa |
| institution | Directory Open Access Journal |
| issn | 2073-4441 |
| language | English |
| last_indexed | 2024-03-09T12:20:32Z |
| publishDate | 2022-08-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Water |
| spelling | doaj.art-1b595b95aa124ed78c6ccd34078df8fa2023-11-30T22:40:43ZengMDPI AGWater2073-44412022-08-011416253610.3390/w14162536Are Economic Tools Useful to Manage Residential Water Demand? A Review of Old Issues and Emerging TopicsMaría Ángeles García-Valiñas0Sara Suárez-Fernández1Oviedo Efficiency Group, Department of Economics, University of Oviedo, 33006 Oviedo, SpainDepartment of Economics, University of Oviedo, 33006 Oviedo, SpainThe analysis of residential water demand has long attracted attention from researchers. However, the central topics at issue have evolved considerably, transitioning from estimating price and income elasticities to using experimental techniques that assess how to motivate households towards water conservation. In this literature review, we contribute to the existing literature by giving an updated overview of the state of the art in the central topics regarding residential water demand. Moreover, we present some interesting lines of research to be explored in the future. Thus, we first review some traditional key drivers of residential water demand. Second, we discuss the role of public policies when managing residential water demand, paying special attention to pricing tools. Next, we briefly review some of the methodological issues with respect to traditional econometrics and discuss related modeling. We then discuss the role of experimental designs and nudging on residential water use. Finally, we include a summary of the main literature findings, and close the discussion introducing some emerging and promising research topics.https://www.mdpi.com/2073-4441/14/16/2536residential water demandprice perceptionspricing policiesnon-pricing policiesstone-gearyfield experiment |
| spellingShingle | María Ángeles García-Valiñas Sara Suárez-Fernández Are Economic Tools Useful to Manage Residential Water Demand? A Review of Old Issues and Emerging Topics Water residential water demand price perceptions pricing policies non-pricing policies stone-geary field experiment |
| title | Are Economic Tools Useful to Manage Residential Water Demand? A Review of Old Issues and Emerging Topics |
| title_full | Are Economic Tools Useful to Manage Residential Water Demand? A Review of Old Issues and Emerging Topics |
| title_fullStr | Are Economic Tools Useful to Manage Residential Water Demand? A Review of Old Issues and Emerging Topics |
| title_full_unstemmed | Are Economic Tools Useful to Manage Residential Water Demand? A Review of Old Issues and Emerging Topics |
| title_short | Are Economic Tools Useful to Manage Residential Water Demand? A Review of Old Issues and Emerging Topics |
| title_sort | are economic tools useful to manage residential water demand a review of old issues and emerging topics |
| topic | residential water demand price perceptions pricing policies non-pricing policies stone-geary field experiment |
| url | https://www.mdpi.com/2073-4441/14/16/2536 |
| work_keys_str_mv | AT mariaangelesgarciavalinas areeconomictoolsusefultomanageresidentialwaterdemandareviewofoldissuesandemergingtopics AT sarasuarezfernandez areeconomictoolsusefultomanageresidentialwaterdemandareviewofoldissuesandemergingtopics |