Willingness to Pay for Potable Water in the Southeastern Turkey: An Application of both Stated and Revealed Preferences Valuation Method

Abdulbaki Bilgic, Gunes Eren and Wojciech J. Florkowski

No 6755, 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas from Southern Agricultural Economics Association

Abstract: We estimate both averting behavior and stated preferences about water quality improvements in the southeastern Anatolian region using reduced form equations. The model reveals that income, education, perception about water features, household living conditions, regional variables are only statistically significant in both the RP and SP data models. The WTP estimate was around 6.43 New Turkish Liras. And also simulation analysis show that increasing income and education foster the willingness-to-pay for treating water, while an increase in bid prices and perception reduce the WTP.

Keywords: Research Methods/ Statistical Methods; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 19
Date: 2008
New Economics Papers: this item is included in nep-cwa
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeaed:6755

DOI: 10.22004/ag.econ.6755

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