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Journal of Agribusiness >
Volume 15, Number 1, Spring 1997 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/90408
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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’s 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. |
| URI: | http://purl.umn.edu/90408 |
| 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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| JAB15one7.pdf | | 839Kb | PDF | View/Open |
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