Willingness to pay for water

This report used the contingent valuation method to estimate the willingness-to-pay (WTP) for water as a commodity. Analysis was based on a telephone survey of Georgia residents conducted in 1992. Results indicated that the average WTP was about nine dollars per month above current monthly water cost.

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Principal Investigator: Jeffrey L. Jordan (University of Georgia)

Sponsor: GWRI
Start Date: 1993-03-01; Completion Date: 1993-03-01;
Keywords: Economics, Water Demand, Planning


Description:

This report used the contingent valuation method to estimate the willingness-to-pay (WTP) for water as a commodity. Analysis was based on a telephone survey of Georgia residents conducted in 1992. Results indicated that the average WTP was about nine dollars per month above current monthly water cost. This research, funded through the Georgia Water Research Institute Program, benefited from the work of Abdelmoneim H. Elnagheeb, Post-Doctoral Research Associate, Department of Agricultural and Applied Economics, Georgia Experiment Station, University of Georgia, Griffin, GA 30223-1797.