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Tariffs & subsidies
Prices versus rationing: Marshallian surplus & mandatory water restrictions (185kb)
A study which reviews water restrictions currenly in place in Australia and estimates the welfare losses associated wtih water rationing.The paper includes:
- A review of the existing studies from Australia and
internationally to estimate the welfare losses associated with water rationing.
- Estimates of an aggregate per capita daily water demand for Sydney.
- Calculation of the difference in Marshallian surplus from using market-clearing price versus water restrictions
- Provides a sensitivity analysis about the estimates and gives a brief discussion about the implications of the results.
- Concluding remarks
- Resource link:
http://www.crawford.anu.edu.au/ degrees/idec/working_papers/ IDEC07-05.pdf - Published: Oct 2007
- Source: Crawford School of Economics and Government (http://www.crawford.anu.edu.au)
- Added to ADG on: 18 October 2007 , contributed by: Benjamin Loudon - Crawford School of Economics and Government
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