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The Economic Value of Water Quality

Editor

Listed:
  • John C. Bergstrom
  • Kevin J. Boyle
  • Gregory L. Poe

Abstract

The theory and case studies discussed in the book suggest that important determinants of the economic value of water quality include: the probability of contamination measured objectively and subjectively, information on actual levels of contamination in household water supplies, socioeconomic characteristics of households, and the extent to which the values of water quality people hold include non-use components. The case study results also suggest that empirical valuation results are sensitive to study design effects such as the particular statistical technique used to estimate mean or median values. These results suggest that estimating water quality values using benefits transfer techniques is problematic, but perhaps feasible with improved data and valuation models.

Suggested Citation

  • John C. Bergstrom & Kevin J. Boyle & Gregory L. Poe (ed.), 2001. "The Economic Value of Water Quality," Books, Edward Elgar Publishing, number 1723.
    • Handle: RePEc:elg:eebook:1723
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    File URL: http://www.e-elgar.com/shop/isbn/9781840640472
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    More about this item

    Keywords

    Economics and Finance; Environment;

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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