You Zhao
Abstract
The water-price model in this paper is framed by adopting the price-elasticity method. Rationality of the mathematical model is discussed and analyzed from two aspects: single-measure water price and ladder water price. By comparison, a more rational water-price project is made out. Finally, optimized structures of the model are numerically compared.
A significance statement is not available in the OpenAlex record.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
The water-price model in this paper is framed by adopting the price-elasticity method. Rationality of the mathematical model is discussed and analyzed from two aspects: single-measure water price and ladder water price. By comparison, a more rational water-price project is made out. Finally, optimized structures of the model are numerically compared.
Key concepts: Elasticity (physics), Rationality, Price elasticity of demand, Economics, Price elasticity of supply, Econometrics, Microeconomics, Mathematical economics