This study investigates the water demand of Indian manufacturing plants. It adopts an input distance function approach and approximates it by a translog form. Duality between cost function and input distance function is exploited to retrieve information concerning substitutability and the shadow price of water. The model is estimated, using linear programming approach, on a sample of 92 firms o...

Hotel demand in large urban markets does respond to changes in income, but that demand is relatively inelastic, according to an analysis of 22 top metropolitan areas in the United States. The analysis, made possible through Smith Travel Research, examined room-night demand for 480 individual hotels from 1989 through 2000 and compared that demand to a set of economic measures, including gross do...

Separate literatures exist to describe responses of timber owners and aggregate timber supply to product prices. While few investigators have alluded to the effects of varying inventory quality and ownership mix on the aggregate response, it is possible to describe how the responsiveness to prices can vary over time as the vintage of the timber inventory shifts. We estimated a probit harvest mo...

At present the USA is in per capita terms the top greenhouse gas polluter among the world’s major economies. This is mirrored by the high energy intensity of all sectors of the US economy including manufacturing industries. A potential explanation for the higher energy intensity are lower US energy price levels. However, common price elasticity estimates are not high enough to explain the obser...