000149758 001__ 149758
000149758 005__ 20250127155744.0
000149758 0247_ $$2doi$$a10.1002/2013WR014085
000149758 0248_ $$2sideral$$a103111
000149758 037__ $$aART-2014-103111
000149758 041__ $$aeng
000149758 100__ $$0(orcid)0000-0003-4719-1345$$aAngulo, Ana$$uUniversidad de Zaragoza
000149758 245__ $$aEconomic analysis of the water demand in the hotels and restaurants sector: shadow prices and elasticities
000149758 260__ $$c2014
000149758 5060_ $$aAccess copy available to the general public$$fUnrestricted
000149758 5203_ $$aDespite the growing economic importance of tourism, and its impact on relative water shortage, little is known about the role that water plays in the productive process of hotels and restaurants and, therefore, the possible implications of water demand management policy for this sector. This study aims to fill this gap. It is based on the microdata of 676 firms in the sector, operating in the city of Zaragoza (Spain) for a 12 year period. Based on the Translog cost function, we estimate the shadow price of water in the short run and, from a long-run perspective, its direct price elasticity, its cross elasticities relative to labor, capital, and supplies, and its elasticity with respect to the level of output. The results obtained show that water provides sector firms returns that are on average higher than its price, although in the case of hotels the margin is really narrow. This situation provides policy makers with a margin for applying price increases without affecting the sector's viability, with some caution in the case of hotels. Water demand elasticity equals -0.38 in the case of hotels, but it is not significant in the case of restaurants and bar-cafes; hence, only in hotels is there potential for influencing water use patterns, encouraging the resource's conservation through pricing policy. Moreover, capital is a substitutive factor of water, and the elasticity of water with respect to output is 0.40, all of which should also be considered by policy makers in water resource management.
000149758 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000149758 590__ $$a3.549$$b2014
000149758 591__ $$aENVIRONMENTAL SCIENCES$$b29 / 222 = 0.131$$c2014$$dQ1$$eT1
000149758 591__ $$aWATER RESOURCES$$b3 / 83 = 0.036$$c2014$$dQ1$$eT1
000149758 591__ $$aLIMNOLOGY$$b2 / 20 = 0.1$$c2014$$dQ1$$eT1
000149758 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000149758 700__ $$0(orcid)0000-0001-5983-6804$$aAtwi, Majed$$uUniversidad de Zaragoza
000149758 700__ $$0(orcid)0000-0002-9929-2765$$aBarberán, Ramón$$uUniversidad de Zaragoza
000149758 700__ $$0(orcid)0000-0002-7384-9166$$aMur Lacambra, Jesús Domingo$$uUniversidad de Zaragoza
000149758 7102_ $$14008$$2225$$aUniversidad de Zaragoza$$bDpto. Estruc.Hª Econ.y Eco.Pb.$$cÁrea Economía Aplicada
000149758 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico
000149758 773__ $$g50, 8 (2014), 6577-6591$$pWater resour. res.$$tWATER RESOURCES RESEARCH$$x0043-1397
000149758 8564_ $$s362862$$uhttps://zaguan.unizar.es/record/149758/files/texto_completo.pdf$$yPostprint
000149758 8564_ $$s477769$$uhttps://zaguan.unizar.es/record/149758/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
000149758 909CO $$ooai:zaguan.unizar.es:149758$$particulos$$pdriver
000149758 951__ $$a2025-01-27-14:42:43
000149758 980__ $$aARTICLE