The welfare economics of optional water metering with asymmetric information.
The paper develops a model of decentralized metering decisions when selective metering is socially optimal. Households choose between two-part tariffs. Decentralization achieves social efficiency when the regulator, who knows household characteristics, gives householdspecific compensation (via a red...
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| Format: | Working paper |
| Language: | English |
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Department of Economics (University of Oxford)
2006
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