Household willingness to pay for a smart water metering and monitoring system: The case of South Korea

A Mi Koo, Ju-Hee Kim and Seung-Hoon Yoo

Utilities Policy, 2022, vol. 79, issue C

Abstract: This paper attempts to appraise the public value of expanding the introduction of a smart water metering and monitoring system (SWMMS) nationwide by adopting a contingent valuation approach of asking about a consumer's preference for a good using a survey of people. Randomly chosen 1000 households were interviewed using the one-and-one-half-bounded question. The monthly public value was obtained as KRW 862 (USD 0.77) per household, equivalent to 6.6% of a water bill. The monthly related cost was calculated as KRW 425 (USD 0.38) per household. Thus, the introduction of an SWMMS would be socially profitable.

Keywords: Smart water metering and monitoring system; Contingent valuation; Public value (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:79:y:2022:i:c:s0957178722001163

DOI: 10.1016/j.jup.2022.101452

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