Increased pollution leads to a constant decrease of drinking water quality worldwide. Due to safety concerns, unpleasant taste and odour only about 3% of the population in South Korea is drinking untreated tap water. The present study uses choice experiments and cost-benefit analysis to...

We estimate willingness to pay (WTP) for better quality of tap water on a unique cross-section sample from 10 OECD countries. On the pooled sample, households are willing to pay 7.5% of the median annual water bill to improve the tap water quality. The highest relative WTP for better tap water...

Cost-benefit analyses are commonly applied to assess the net welfare effects of policies to improve surface water quality. These analyses often disregard the biophysical fact that from implementation of policy measures to resulting improvements on water quality there will typically be...

Using a choice experiment, this paper investigates how Swedish citizens value three environmental quality objectives. In addition, a follow-up question is used to investigate whether respondents ignored any attributes when responding. The resulting information is used in the model estimation by...

There is no abstract for this book chapter. It outlines one of the commonly used methods of valuing environmental improvements, discussing the implicit assumptions about perceptions that are embedded in this approach

The hedonic model of Rosen (1974) has become a workhorse for valuing the characteristics of differentiated products despite a number of well-documented econometric problems, including a source of endogeneity that has proven difficult to overcome. Here we outline a simple, likelihood-based...

We build on the intuitive (static) modeling framework of Rosen (1974) and specify a simple forward-looking model of location choice. We use this model, along with a series of insightful graphs, to describe the potential biases associated with the static approach and relate these biases to the...

The value of mortality risk reduction is an important component of the benefits of environmental policies. In recent years, the number, scope, and quality of valuation studies have increased dramatically. Revealed preference studies of wage compensation for occupational risks, on which analysts...

In this paper, we evaluate potential benefits of drinking water infrastructure investments in the United States. We first estimate willingness-to-pay for high-quality drinking water using consumer avoidance behavior in response to health-based drinking water quality violations. We find a modest...