Estimating willingness to pay for reduced copper contamination in southwestern Minnesota

Hong J. Kim, Yongsung Cho

Research output: Contribution to journalArticle

13 Citations (Scopus)

Abstract

The contingent valuation method is applied to determine how much consumers would be willing to pay to reduce copper in their drinking water and what factors influence their willingness to pay (WTP). The annual mean WTP per household was estimated using survey data from nine counties in southwestern Minnesota where copper contamination is high. The annual mean WTP per household varied from a low range of $30.41 to $43.61 for Chippewa County to a high range of $39.79 to $57.06 for Nobles County. The aggregate WTP for all nine counties was estimated to range from $1.66 to $2.38 million. However, the estimated WTP may not be sufficient to pay the cost of providing improved water through public water systems for small communities in southwestern Minnesota.

Original languageEnglish
Pages (from-to)450-463
Number of pages14
JournalJournal of Agricultural and Resource Economics
Volume27
Issue number2
Publication statusPublished - 2002 Dec

Keywords

  • Contingent valuation method
  • Copper contamination
  • Drinking water quality
  • Willingness to pay

ASJC Scopus subject areas

  • Animal Science and Zoology
  • Agronomy and Crop Science
  • Economics and Econometrics

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