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Response of residential water demand to dynamic pricing: Evidence from an online experiment

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Response of residential water demand to dynamic pricing: Evidence from an online experiment

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dc.contributor.author Marzano, Riccardo es_ES
dc.contributor.author Rougé, Charles es_ES
dc.contributor.author Garrone, Paola es_ES
dc.contributor.author Harou, Julien J. es_ES
dc.contributor.author Pulido-Velazquez, M. es_ES
dc.date.accessioned 2021-05-22T03:31:36Z
dc.date.available 2021-05-22T03:31:36Z
dc.date.issued 2020-10 es_ES
dc.identifier.issn 2212-4284 es_ES
dc.identifier.uri http://hdl.handle.net/10251/166641
dc.description.abstract [EN] Urban water demand management is key to water supply sustainability in high-density, water stressed areas throughout the world, and emerging technologies could transform it. In particular, smart metering could allow for conserving water by dynamically changing prices to reflect water scarcity and supply cost variability. Yet, little is known on end-users' reaction to short-term price changes, an essential determinant of the effectiveness and acceptability of dynamic water pricing. This paper reports on the design and results of an online experiment that measures end-users' water consumption decisions when confronted with time-varying prices, and investigates the interaction between pricing and water scarcity awareness. We design a series of treatments where players must indicate their shower length given different water prices, price variations, and scarcity scenarios. Beyond corroborating the theory that higher prices lower usage, the experiment finds evidence of a dynamic pricing effect: users respond more strongly to a given price if they have been exposed to a lower price before. This suggests short-term residential price increases could be effective at boosting water conservation. es_ES
dc.description.sponsorship The research for this paper was funded by the European Commission research project FP7-ICT-619172 SmartH2O: An ICT Platform to leverage on Social Computing for the efficient management of Water Consumption. es_ES
dc.language Inglés es_ES
dc.publisher Elsevier es_ES
dc.relation.ispartof Water Resources and Economics es_ES
dc.rights Reconocimiento - No comercial - Sin obra derivada (by-nc-nd) es_ES
dc.subject Dynamic pricing es_ES
dc.subject Urban water es_ES
dc.subject Online experiment es_ES
dc.subject Water scarcity es_ES
dc.subject.classification INGENIERIA HIDRAULICA es_ES
dc.title Response of residential water demand to dynamic pricing: Evidence from an online experiment es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.1016/j.wre.2020.100169 es_ES
dc.relation.projectID info:eu-repo/grantAgreement/EC/FP7/619172/EU/SmartH2O: an ICT Platform to leverage on Social Computing for the efficient management of Water Consumption/ es_ES
dc.rights.accessRights Abierto es_ES
dc.contributor.affiliation Universitat Politècnica de València. Departamento de Ingeniería Hidráulica y Medio Ambiente - Departament d'Enginyeria Hidràulica i Medi Ambient es_ES
dc.description.bibliographicCitation Marzano, R.; Rougé, C.; Garrone, P.; Harou, JJ.; Pulido-Velazquez, M. (2020). Response of residential water demand to dynamic pricing: Evidence from an online experiment. Water Resources and Economics. 32:1-13. https://doi.org/10.1016/j.wre.2020.100169 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion https://doi.org/10.1016/j.wre.2020.100169 es_ES
dc.description.upvformatpinicio 1 es_ES
dc.description.upvformatpfin 13 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 32 es_ES
dc.relation.pasarela S\430252 es_ES
dc.contributor.funder European Commission es_ES
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dc.subject.ods 06.- Garantizar la disponibilidad y la gestión sostenible del agua y el saneamiento para todos es_ES


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