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Physical Sciences and Mathematics Commons

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Oceanography and Atmospheric Sciences and Meteorology

University of Arkansas, Fayetteville

1981

Elasticity of demand

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Full-Text Articles in Physical Sciences and Mathematics

Estimating Water Demand Schedules For Selected Industries In Arkansas, Joseph A. Ziegler, Stephen E. Bell Sep 1981

Estimating Water Demand Schedules For Selected Industries In Arkansas, Joseph A. Ziegler, Stephen E. Bell

Technical Reports

Water demand functions for the paper and chemical industries in the state of Arkansas were estimated utilizing data collected from individual plants throughout the state. Regression analysis was used to estimate demand functions from a data base which included information on intake and gross water use by source, recirculated water use, costs of acquiring, treating, and discharging water, plant output, employment, and level of technology. The demand for intake water was estimated as an exponential function of average water costs and the level of technology primarily. Price elasticities of demand were estimated as approximately equal to one for both industries. …