A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
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-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 ‘no’ to the given bids to improve their residential water quality although other respondents stated that they would be willing to pay a significant amount.
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-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 ‘no’ to the given bids to improve their residential water quality although other respondents stated that they would be willing to pay a significant amount.
Measuring the economic benefits of residential water quality improvement in Ulsan, Korea using a contingent valuation
Lee, Joo-Suk (author)
Urban Water Journal ; 11 ; 252-259
2014-04-03
8 pages
Article (Journal)
Electronic Resource
English
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