Measuring the economic benefits of residential water quality improvement in Ulsan, Korea using a contingent valuation

Korean people are getting more concerned about their health and their interest in clean water is increasing continuously. The source of portable water in Ulsan is the Nakdong river, which is one of the most polluted in the country. Thus, the Ulsan metropolitan government has a plan to move the water...

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Bibliographic Details
Published inUrban water journal Vol. 11; no. 3; pp. 252 - 259
Main Author Lee, Joo-Suk
Format Journal Article
LanguageEnglish
Published Abingdon Taylor & Francis Ltd 2014
Subjects
Cleaning
Economic models
Economics
Governments
Health
Residential
Rivers
Spikes
Valuation
Water quality
Water supply
Willingness to pay
Korea, Rep., Nakdong R
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Summary:Korean people are getting more concerned about their health and their interest in clean water is increasing continuously. The source of portable water in Ulsan is the Nakdong river, which is one of the most polluted in the country. Thus, the Ulsan metropolitan government has a plan to move the water-collecting area to supply cleaner residential water. This study attempts to measure the benefits of residential water quality improvement in Ulsan using contingent valuation method. Furthermore, we allowed for a nonzero probability of unwillingness to pay in contingent valuation experiments by using spike models, because 55.6 percent of respondents stated anoa to the given bids to improve their residential water quality although other respondents stated that they would be willing to pay a significant amount.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
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ISSN:1573-062X
1744-9006
DOI:10.1080/1573062X.2013.765490