Improving Drinking Quality in South Korea: A Choice Experiment
Adelina Gshwandtner (),
Cheul Jang () and
Richard McManus ()
Authors registered in the RePEc Author Service: Adelina Gschwandtner ()
Studies in Economics from School of Economics, University of Kent
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: Drinking Water Quality; Water Pollution; Choice Experiments; Willingness to Pay; Random Parameter and Latent Class Logit; Cost-Benefit Analysis (search for similar items in EconPapers)
JEL-codes: C19 C83 C90 D12 D61 Q25 Q51 Q53 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-dcm, nep-env and nep-exp
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