Price has been noted to be an important ingredient in any evaluation of futurewater demands, since it is a signal of cost administered by water wholesalers or retailers.The purpose of this study is to contribute to a better understanding of rates and ratesettingstrategies adopted by the river...

Instead of creating water supply systems that fully insulate mankind from climate-imposed water deficiencies, it is possible that for municipal water systems a nonzero probability of water supply shortfall is efficient. Perfect water supply reliability, meaning no chance of future shortfall, is...

The authors study the role that reference effects play in the category purchase decision for consumer nondurable products. Category purchase behavior is represented by a nested logit model that is estimated on purchase records of shoppers in two Universal Product Code (UPC) scanner panels. A...