WILLINGNESS TO PAY FOR WATER QUALITY AND SUPPLY ENHANCEMENTS IN THE GRAND RIVER WATERSHED

Autor:	Kenneth R. Stollery, Ramesh C. Kumar, James A. Brox
Rok vydání:	1996
Předmět:	Contingent valuation Watershed business.industry Environmental resource management Agricultural economics Willingness to pay Capital (economics) Value (economics) Economics Household income Water quality business Environmental quality Water Science and Technology
Zdroj:	Canadian Water Resources Journal. 21:275-288
ISSN:	1918-1817 0701-1784
DOI:	10.4296/cwrj2103275
Popis:	This paper reports the results of a large contingent valuation survey to estimate the social benefits of water quality improvements in the watershed. Early results indicate a willingness to pay (WTP) for residential water quality improvements of up to $4.50 per household per month (19% of the average water bill), with a somewhat lower value for preserving the environmental quality of parkland in the watershed. Using a 5% discount rate, this translates into a demand for water quality projects in the region with a capital value of nearly $1100 per household. The narrowness of the estimated range of WTP values, and their similarity to values found in other studies, suggests that our estimates are a reliable measure of the monetary value of social benefits from water quality improvements in the region. The main socio-economic determinants of willingness to pay appear to be household income, number of children, perception of existing water quality, and awareness of environmental issues on the part of survey re...
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ca9bf0bbc26bddbd5ab64f6ad16b8145 https://doi.org/10.4296/cwrj2103275 Zobrazit plný text záznamu