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Improving Drinking Water Quality in South Korea: A Choice Experiment

Adelina Gschwandtner (), Cheul Jang and Richard McManus

No 273472, 92nd Annual Conference, April 16-18, 2018, Warwick University, Coventry, UK from Agricultural Economics Society

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.

Keywords: Environmental Economics and Policy; International Development (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm, nep-env and nep-exp
Date: 2018-04-16
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aesc18:273472

DOI: 10.22004/ag.econ.273472

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