This article illustrates the importance of estimating risk preferences when evaluating water policy. Using agricultural production data from the Kiti region of Cyprus we estimate farmers' risk preferences a la Antle (Journal of Business and Economic Statistics, 1, 192-201, 1983, American Journal...

This paper presents a model of residential water demand based on the Stone-Geary utility function, which explicitly considers a threshold of water that is insensitive to price and a quantity that can adapt instantaneously to price changes. First, the threshold is assumed constant, being then...

This article examines the factors influencing manufacturing firms’ water reuse decision and analyses whether the structure of intake water demand differs between firms that adopt water reuse practices and those which do not. The first stage of the estimation model involves a Probit analysis of...