Valuing water service reliability and in-home water storage: A hedonic price model from Guatemala |
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| Affiliation: | 1. Observatorio Económico Sostenible, Universidad del Valle de Guatemala, Ciudad de Guatemala, Guatemala;2. Department of Economics, Fairfield University, 1073 North Benson Rd, Fairfield, CT, 06824, United States;3. RTI International, Research Triangle Park, NC, United States;1. Faculty of Economics and Management, University of Maroua, Cameroon;2. Centre d’Etudes et de Recherche en Management et Economie, Dschang, Cameroon;3. Ghana Institute of Management and Public Administration, Ghana;4. Faculty of Economics and Management, University of Dschang, Cameroon;1. Department of Production Engineering, Ave Antônio Carlos, 6627, Belo, Horizonte, 31270-901, Minas Gerais, Brazil;2. Lopes-Ahn Consultants, Brazil;1. Department of Mathematics for Economics, University of Valencia, Avd. Tarongers S/N, Valencia, Spain;2. Departamento de Ingeniería Hidráulica y Ambiental, Pontificia Universidad Católica de Chile, Avda. Vicuña Mackenna, 4860, Santiago, Chile;1. Department of Sanitary and Environmental Engineering, Federal University of Minas Gerais, Av. Antônio Carlos 6627, Belo Horizonte, MG, 31270-901, Brazil;2. René Rachou Institute, Oswaldo Cruz Foundation, Av. Augusto de Lima, 1715, Belo Horizonte, MG, 30190-002, Brazil |
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| Abstract: | Water service interruptions often impose considerable costs on water users, and lead more households to invest in in-home water storage infrastructure. Studying the value households assign to continuous water supply may help design more effective policies. Using a unique primary dataset from Guatemala City (n = 567), we estimate hedonic models of rental prices to derive marginal values of fewer water service interruptions and in-home water storage infrastructure. Results indicate that, on average, rental prices decrease by 0.7% with each day of water service interruptions and increase by 10% for housing units with storage infrastructure relative to those without it. |
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| Keywords: | Water intermittency Water storage Hedonic model |
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