The Economic Value of Water Quality

Edited by John Bergstrom, Kevin Boyle and Gregory Poe

in Books from Edward Elgar Publishing

Abstract: The theory and case studies discussed in the book suggest that important determinants of the economic value of water quality include: the probability of contamination measured objectively and subjectively, information on actual levels of contamination in household water supplies, socioeconomic characteristics of households, and the extent to which the values of water quality people hold include non-use components. The case study results also suggest that empirical valuation results are sensitive to study design effects such as the particular statistical technique used to estimate mean or median values. These results suggest that estimating water quality values using benefits transfer techniques is problematic, but perhaps feasible with improved data and valuation models.

Keywords: Economics and Finance; Environment (search for similar items in EconPapers)
JEL-codes: Q5 (search for similar items in EconPapers)
Date: 2001
ISBN: 9781840640472
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Citations: View citations in EconPapers (57)

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