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Application of the Contingent Valuation Method in Water Resources Protection

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  • Miłaszewski Rafał

    (Cardinal Stefan Wyszyński University in Warsaw, Poland)

Abstract

The option of using the contingent valuation method (CVM) to assess residents’ willingness to pay (WTP) for upgrading the quality of water resources in their communes is discussed in the article. Surveys were conducted using the direct interview method. The analysis included the application of CVM to examine the potential for financing projects that are focused on reducing the eutrophication process of the Baltic Sea, financing the construction of municipal sewage treatment plants in selected communes in Greece and Poland and financing the upgrade of sewage disposal and treatment standards in Śniadowo in north-eastern Poland. For authorities of a given area, the CVM is an instrument supporting the decision-making process regarding investments in water resources’ protection.

Suggested Citation

  • Miłaszewski Rafał, 2021. "Application of the Contingent Valuation Method in Water Resources Protection," Central European Economic Journal, Sciendo, vol. 8(55), pages 212-218, January.
    • Handle: RePEc:vrs:ceuecj:v:8:y:2021:i:55:p:212-218:n:13
    DOI: 10.2478/ceej-2021-0015
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    Keywords

    contingent valuation method; water resources protection;

    JEL classification:

    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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