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- W602083048 abstract "A recent article by Agthe and Billings (1980) concerned itself with the application of Koyck form lagged dynamic economic models to measure the price elasticity of demand for residential water consumption. The Koyck form lagged models have a lagged dependent variable, quantity of water consumed, and assume that the greatest adjustment of quantity to price occurs in the first period after the price change and succeeding adjustments are progressively smaller and less important. This study will consider an alternative dynamic economic model in which the independent variable price is assigned a distributed lag. The distributed lag model chosen is the Almon Polynomial lagged model (Almon,1965) as it is expected that the lagged response to a price change is nonlinear in nature. The results of several potential Almon lag forms are compared to the results of the simple Koyck lagged model found in the Agthe and Billings (1980) study. This Koyck form was by far the best result found in the earlier study." @default.
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- W602083048 date "1982-04-24" @default.
- W602083048 modified "2023-09-24" @default.
- W602083048 title "An Application of the Almon Polynomial Lag to Residential Water Price Analysis" @default.
- W602083048 hasPublicationYear "1982" @default.
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