The paper investigates whether there is a statistically significant impact of short-term climate variables (specifically air temperature and rainfall) on residential water consumption at two selected case sites in the Czech Republic. The analysis is based on a unique time series of daily data...

Due to methodological problems and their practical limitations, the criticism of neoclassical environmental economics is increasing. The goal of this paper is to stress the differences and similarities between the two competing alternative approaches - institutional ecological economics and...