A marginal productivity approach is developed for valuing industrial use of water and applied using data from Chinese industrial firms, where water, as well as capital, labour and raw materials, are treated as inputs to a production function. Models on price elasticity of water demand associated...

This article presents a new modelling strategy that estimates individual valuation distributions with Multiple Bounded Discrete Choice (MBDC) data. An individual's valuation of a commodity or service is assumed to have a distribution rather than being a single number. Likelihood responses to the...