Publication detail

Price elasticity of household water demand in the Czech Republic

Author(s): prof. PhDr. Ladislav Krištoufek Ph.D., Jana Hortova
Type: IES Working Papers
Year: 2014
Number: 38
ISSN / ISBN:
Published in: IES Working Papers 38/2014
Publishing place: Prague
Keywords: water consumption, price elasticity, income elasticity
JEL codes: C54, Q25, Q53
Suggested Citation: Hortova, J., Krištoufek, L. (2014). “Price elasticity of household water demand in the Czech Republic.” IES Working Paper 38/2014. IES FSV. Charles University.
Abstract: In the Czech Republic, water prices have been steadily increasing while water consumption has been decreasing during the last decades. A great deal of literature is devoted to the price elasticity of water demand but to the best of our knowledge, no similar study has been devoted entirely to the Czech Republic. In the paper, we examine the short and long-run price elasticities of water demand in the Czech Republic between years 2000 and 2011. We fi nd that the water demand is inelastic (lower than one) with respect to water price regardless of the time period and the income elasticity is on the edge of statistical signi cance. Our inferences are in line with previous fi ndings.
Downloadable: wp_2014_38_Hortova_Kristoufek
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