Improving Drinking Water Quality in South Korea: A Choice Experiment

Adelina Gschwandtner

No 277418, 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia from International Association of Agricultural Economists

Abstract: Increased pollution leads to a constant decrease of drinking water quality worldwide. Due to safety concerns, unpleasant taste and odour only about 3% of the population in South Korea is drinking untreated tap water. The present study uses choice experiments and cost-benefit analysis to investigate the feasibility of installing advanced water treatments in Cheongju waterworks in South Korea. The waterworks is situated in the middle of the country and is providing more than half a million people with drinking water. The study shows that the lower bound of the median WTP for installing a new advanced water treatment system is about $ 2 US/month, which is similar to the average expenditures for bottled water per household in South Korea. Scenarios under which the instalment of the advanced water treatments is feasible are discussed together with environmental solutions in the long-run. Acknowledgement : The authors would like to thank Rob Fraser for setting the road map for this research. They would also like to thank Iain Fraser for his help with the design of the choice experiment and Korea-Water for sponsoring this project.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 2018-07
New Economics Papers: this item is included in nep-dcm, nep-env and nep-exp
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Working Paper: Improving Drinking Water Quality in South Korea: A Choice Experiment (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae18:277418

DOI: 10.22004/ag.econ.277418

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