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Title: Estimating the Willingness-to-Pay for Water in Georgia
Authors: Elnagheeb, Abdelmoneim H.
Jordan, Jeffrey L.
Keywords: Dichotomous contingent valuation
Public water supply
Water pricing
Issue Date: 1997
Abstract: In this paper, data from a 1992 telephone survey of Georgia residents were used to study people‚Äôs willingness-to-pay (WTP) for water as a commodity. A dichotomous contingent valuation method was employed to estimate the marginal scarcity rent of water. Results indicated that the average WTP was $15.10 above the current monthly water cost, or about 81 percent of current bills. The aggregate WTP for all of Georgia was estimated to be nearly $393 million, suggesting that water is underpriced.
Identifiers: 0738-8950
Institution/Association: Journal of Agribusiness>Volume 15, Number 1, Spring 1997
Total Pages: 18
From Page: 103
To Page: 120
Collections:Volume 15, Number 1, Spring 1997

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