Estimating the Willingness-to-Pay for Water in Georgia

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.


Issue Date:
1997
Publication Type:
Journal Article
DOI and Other Identifiers:
0738-8950 (Other)
PURL Identifier:
http://purl.umn.edu/90408
Published in:
Journal of Agribusiness, Volume 15, Number 1
Page range:
103-120
Total Pages:
18




 Record created 2017-04-01, last modified 2017-08-22

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