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Estimation of willingness to pay for wastewater treatment
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2005
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Applied EconomicsLawWastewater CollectionEnvironmental EconomicsEconomic InstrumentEnvironmental PolicyWastewater TreatmentEconomic AnalysisWater TreatmentEconomicsPublic PolicyWastewater Treatment PlantWater PricingEnvironmental EngineeringBusinessNonmarket ValuationCentral Wastewater TreatmentDecision ScienceMean WtpWater Valuation
The aim of this study is to analyse residents' acceptability (willingness to use) of a wastewater treatment plant in their region and to evaluate citizens' Willingness to Pay (WTP) for the public provision of central wastewater treatment. We present a case study on rural and seaside tourist areas of the Municipalities of Lappaion, Georgioupolis and Krioneridas located in North-West Crete. For this purpose, a double bound dichotomous choice format contingent valuation study was conducted where members of 326 households were interviewed with face to face interviews. Mean WTP was found to be 44 € to be paid as an additional charge on the water bill, which is considerably higher than the estimated amount needed for the investment.