EconPapers    
Economics at your fingertips  
 

Research on customers’ willingness-to-pay for service changes in UK water company price reviews 1994–2019

Ken Willis and Rob Sheldon

Journal of Environmental Economics and Policy, 2022, vol. 11, issue 1, 4-20

Abstract: Water companies are regional monopolies in the UK, and subject to quinquennial price reviews to ensure customers receive value for money. This paper documents the application and evolution of stated preference methodology in the quinquennial price review research. Stated preference methods are used to assess customers’ preferences for changes to water supply, waste-water, and environmental services; and customers’ willingness-to-pay, or willingness-to-accept, water bill amounts for changes to these service levels. Recently revealed preference methods have been given more prominence in estimating values for some water services. The application of stated preference, and revealed preference, has seen continued attempts, in successive price reviews, to improve the accuracy and reliability of values for water services, as an input into the cost–benefit analysis of water projects, and water company business plans.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/21606544.2021.1927850 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:teepxx:v:11:y:2022:i:1:p:4-20

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/teep20

DOI: 10.1080/21606544.2021.1927850

Access Statistics for this article

Journal of Environmental Economics and Policy is currently edited by Ken Willis

More articles in Journal of Environmental Economics and Policy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2025-03-22
Handle: RePEc:taf:teepxx:v:11:y:2022:i:1:p:4-20