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Estimation of Willlingness-to-pay of Residents for Rehabilitation of the Existing Water Pipes at Inche  

Lee, Jae Hoon (현대엔지니어링 주식회사)
Jeong, Dong Whan (국립환경과학원)
Shin, Seung Bok ((주) 나스텍엔지니어링)
Park, Kyoo Hong (중앙대학교 토목공학과)
Publication Information
Journal of Korean Society of Water and Wastewater / v.21, no.4, 2007 , pp. 385-394 More about this Journal
Abstract
The objective of this study was to estimate social cost on rehabilitation of existing water pipes by investigating the willingness-to-pay (WTP) of residents at INJE County to avoid the loss and inconvenience of transportation and business resulting from the sudden failure and leaks of old water pipes. Contingent valuation method was used through conducting survey to 180 residents in Inche County, with questions of double-bounded dichotomous choice. The resulting WTP of residents at Inche was 7,682 won/month/household. The annual social cost could be estimated as 960 million won, which might be caused by the failure of the old water pipes at INJE County.
Keywords
Willingness-to-pay(WTP); Contingent valuation method(CVM); Social cost;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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