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...
| Κύριος συγγραφέας: | |
|---|---|
| Μορφή: | Working paper |
| Γλώσσα: | English |
| Έκδοση: |
Department of Economics (University of Oxford)
2006
|