One of the major issues for the next Sydney Water price determination is whetherthere is a continuing water scarcity issue and if so, whether this is best addressed byrestrictions or whether a scarcity pricing mechanism may deliver the same result
This working paper presents the results of a statistical analysis to estimate the key determinants of residential water demand from data collected as part of the 2003 household survey.
Driver labour costs are the largest component of the taxi cost indices (TCIs). Notional driver wages are currently weighted at 39.1% of total cost for urban taxis, and 42.2% for country taxis.
This paper shows how the incentive to delay cost savings in a standard CPI-X pricing regime can be overcome by a carryover mechanism or by sharing the gains from such savings at the end of each year within a determination period.