Books > Earth & environment > The environment > Environmental economics
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The Economic Value of Water Quality (Hardcover)
Loot Price: R2,718
Discovery Miles 27 180
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The Economic Value of Water Quality (Hardcover)
Series: New Horizons in Environmental Economics series
Expected to ship within 12 - 17 working days
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The authors of this in-depth study describe the theory and
techniques that can be applied to the specific case of valuing
potable water provided by groundwater supplies. The theory and
techniques can be extended to valuing drinking water provided by
surface water supplies, and also to valuing alternative levels of
water quality. 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. Government agencies, private
consulting firms and NGOs involved in water quality policy as well
as academic researchers, professors and students will find this
volume of theory, application and technique an invaluable
reference.
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