“…A large number of econometric studies of water demand have been conducted over the last years (Smith et al, 1983;Ogg and Gollehon, 1989;Hanemann, 1998;Renwick and Green, 2000;Jain et al, 2001;Brekke et al, 2002;Reynaud, 2003;Scheierling et al, 2006;Kostas and Chrysostomos, 2006;Alvisi et al, 2007;Olmstead et al, 2007;Babel et al, 2007;Ghiassi et al, 2008;Herrera et al, 2010;Dziegielewski and Baumann, 2011;Abildtrup et al, 2013;Polycarpou and Zachariadis, 2013;Koutiva and Makropoulos, 2016).…”