This study attempts to estimate the economic value of residential electricity use in the Republic of Korea. According to micro-economic theory, the economic benefit of residential electricity consumed is the sum of the actual residential electricity price and the additional WTP (willingness to...

Water is important to manufacturing firms because industrial water is used for a variety of purposes as one of the most important inputs in the production process. This paper estimates the economic value of water in the Korean manufacturing industry by employing the concept of the value of...

Although LNG is an important input to industrial production for manufacturing firms, its economic value has been rarely investigated in the literature. This paper attempts to estimate the economic value of LNG in Korea's manufacturing sector by employing the concept of the value of marginal...