Publications [#164656] of Christopher D. Timmins

Journal Articles

1. Christopher Timmins, Demand-Side Technology Standards Under Inefficient Pricing Regimes, Environmental and Resource Economics, vol. 26 no. 1 (2003), pp. 107-124
   (last updated on 2009/10/22)

   Abstract:
   Abstract When price-setting regulators haveobjectives other than maximizing socialsurplus, the conservation potential ofdemand-side technology standards can besignificantly diminished. This paperdemonstrates this by empirically recovering thesocially sub-optimal preferences of a group ofwater managers in a groundwater-dependentregion of California and simulating theirinefficient price response to the mandatedadoption of low-flow appliances by homeowners. The resulting reduction in the conservationpotential of these appliances is quantified,and a modest tax is shown to be a relativelycost-effective policy tool for conservation. If non-price conservation policies arepreferred according to equity criteria, thepaper suggests that, in order to preserve theirconservation potential, policy-makers should berequired to continue to set prices as if notechnology standards had been introduced.

   Keywords:
   Demand-side technology standard • Dynamic programming problem • Efficient pricing • Groundwater