Calculating Price Elasticity of Water Demand Using Gene Expression Programming Based on Economic, Social and Meteorological Variables

Determining the changing rate of water consumption through altering parameters such as water tariffs can help water companies select appropriate water policies. This paper is intended to find the proper relation between the water price elasticity of demand and some social, economic and climatic vari...

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Published in:Water resources management 2019-09, Vol.33 (12), p.4171-4188
Main Authors: Karimlou, Keivan, Hassani, Nemat, Rashidi Mehrabadi, Abdollah, Nazari, Mohammad Reza
Format: Article
Language:English
Subjects:
Atmospheric Sciences
Civil Engineering
Climate
Climate change
Earth and Environmental Science
Earth Sciences
Economic models
Economics
Elasticity
Elasticity of demand
Environment
Financial institutions
GDP
Gene expression
Genetic algorithms
Geotechnical Engineering & Applied Earth Sciences
GNI
Gross Domestic Product
Gross National Income
Human Development Index
Hydrogeology
Hydrology/Water Resources
Income
International organizations
Mathematical analysis
Organizations
Precipitation
Price elasticity
Social factors
Water
Water consumption
Water demand
Water policies
Water rates
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container_end_page 4188
container_issue 12
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creator Karimlou, Keivan
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description Determining the changing rate of water consumption through altering parameters such as water tariffs can help water companies select appropriate water policies. This paper is intended to find the proper relation between the water price elasticity of demand and some social, economic and climatic variables that are released annually by international organizations like the United Nations Development Program and the World Bank. By using genetic algorithm, different combinations of water price elasticity of demand and variables like gross domestic product, per capita gross domestic product, gross national income, precipitation, human development index, average temperature and household size have been analyzed. It was found that the absolute price elasticity of water demand has positive relationships with precipitation and price of water. It has also been found that the gross national income, average percent of consumers who have secondary education and human development index have a negative relation with the absolute price elasticity of water demand.
doi_str_mv 10.1007/s11269-019-02353-1
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source ABI/INFORM Collection; Springer Nature
subjects Atmospheric Sciences
Civil Engineering
Climate
Climate change
Earth and Environmental Science
Earth Sciences
Economic models
Economics
Elasticity
Elasticity of demand
Environment
Financial institutions
GDP
Gene expression
Genetic algorithms
Geotechnical Engineering & Applied Earth Sciences
GNI
Gross Domestic Product
Gross National Income
Human Development Index
Hydrogeology
Hydrology/Water Resources
Income
International organizations
Mathematical analysis
Organizations
Precipitation
Price elasticity
Social factors
Water
Water consumption
Water demand
Water policies
Water rates
title Calculating Price Elasticity of Water Demand Using Gene Expression Programming Based on Economic, Social and Meteorological Variables
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