THE OPPORTUNITY COST OF TIME AND AVERTING EXPENDITURES FOR SAFE DRINKING WATER

Andrew S. Laughland, Lynn M. Musser, Wesley N. Musser, James S. Shortle

Research output: Contribution to journalArticlepeer-review

32 Scopus citations

Abstract

ABSTRACT: A survey of individuals during a Giardia contamination incident provided data to calculate the cost of boiling, hauling, or purchasing water to avoid infection. Three different approaches to the valuation of time were used to assess the implications of the opportunity cost of time for the measurement of averting costs. Mean monthly household averting costs were $33.47 using family income to value time, $13.07 using the minimum wage to value time, and $5.60 using zero opportunity cost of time. Comparisons of the mean costs for different sources and household characteristics indicated the value of time from family income was too high and that the other methods of valuing time were superior.

Original languageEnglish (US)
Pages (from-to)291-299
Number of pages9
JournalJAWRA Journal of the American Water Resources Association
Volume29
Issue number2
DOIs
StatePublished - Apr 1993

All Science Journal Classification (ASJC) codes

  • Ecology
  • Water Science and Technology
  • Earth-Surface Processes

Fingerprint Dive into the research topics of 'THE OPPORTUNITY COST OF TIME AND AVERTING EXPENDITURES FOR SAFE DRINKING WATER'. Together they form a unique fingerprint.

Cite this