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http://dx.doi.org/10.3741/JKWRA.2007.40.11.869

The Study on the Marginal Product Value and Price Elasticity of Disaggregated Industrial Water  

Min, Dong-Ki (Dept of Economics, Konkuk Univ.)
Publication Information
Journal of Korea Water Resources Association / v.40, no.11, 2007 , pp. 869-876 More about this Journal
Abstract
This paper estimates the output and price elasticities of disaggregated industrial water in order to afford some information for improving the efficiency of government water policy. This paper uses the marginal productivity method for estimating the output and price elasticities of industrial water. The estimated output elasticity shows that the value of industrial water is much higher than the average price of industrial water and the estimated price elasticity shows that the water pricing policy is effective for controlling the demand of industrial water.
Keywords
marginal product value; price elasticity; industrial water;
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  • Reference
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