A MUNICIPAL WATER SUPPLY INVESTMENT PROBLEM IN RHODE ISLAND1
作者:
Richard Frye,
James W. McFarland,
期刊:
JAWRA Journal of the American Water Resources Association
(WILEY Available online 1980)
卷期:
Volume 16,
issue 1
页码: 31-35
ISSN:1093-474X
年代: 1980
DOI:10.1111/j.1752-1688.1980.tb02327.x
出版商: Blackwell Publishing Ltd
关键词: demand: investment;conservation;price elasticity;dynamic programming;economies of scale;water requirements
数据来源: WILEY
摘要:
ABSTRACT:The traditional “requirements” approach to water system planning presumes perfectly inelastic demand and arbitrarily selects a fixed water requirement per capita per day as a planning target. Economists have often pointed out that such a policy leads to over‐investment in water supply facilities; a superior approach would maximize some measure of net benefits incorporating price‐sensitive demand. Using a dynamic programming model to depict an investment problem in Rhode Island, we find that ambiguities about how to incorporate price‐sensitive demand into a decision framework may make such an approach as arbitrary as the requirements approach. Water conservation responses may be a function of other social parameters than water price; if so, variations in these social parameters should be regarded as economic alternatives to water supply in
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