Valuing access to water - a spatial hedonic approach applied to Indian cities
AbstractAn important infrastructure policy issue for rapidly growing cities in developing countries is how to raise fiscal revenues to finance basic services in a fair and efficient manner. This paper applies hedonic analysis that explicitly accounts for spatial spillovers to derive the value of improved access to water in the Indian cities of Bhopal and Bangalore. The findings suggest that by looking at individual or private benefits only, the analysis may underestimate the overall social welfare from investing in service supply especially among the poorest residents. The paper further demonstrates how policy simulations based on these estimates help prioritize spatial targeting of interventions according to efficiency and equity criteria.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 4533.
Date of creation: 01 Feb 2008
Date of revision:
Town Water Supply and Sanitation; Housing&Human Habitats; Water Supply and Sanitation Governance and Institutions; Water and Industry; Water Use;
This paper has been announced in the following NEP Reports:
- NEP-AGR-2008-03-08 (Agricultural Economics)
- NEP-ALL-2008-03-08 (All new papers)
- NEP-CWA-2008-03-08 (Central & Western Asia)
- NEP-DEV-2008-03-08 (Development)
- NEP-GEO-2008-03-08 (Economic Geography)
- NEP-URE-2008-03-08 (Urban & Real Estate Economics)
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- Stefania Tonin & Margherita Turvani, 2011. "Environmental contamination and industrial real estate market: an application of hedonic price method in Italy," ERSA conference papers ersa10p511, European Regional Science Association.
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