Valuing Access to Water : A Spatial Hedonic Approach Applied to Indian Cities
An important infrastructure policy issue for rapidly growing cities in developing countries is how to raise fiscal revenues to finance basic services in a fair and efficient manner. This paper applies hedonic analysis that explicitly accounts for s...
| Main Authors: | , , , |
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
Washington, DC: World Bank
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/02/9034859/valuing-access-water-spatial-hedonic-approach-applied-indian-cities http://hdl.handle.net/10986/6583 |
| Summary: | An important infrastructure policy issue
for rapidly growing cities in developing countries is how to
raise fiscal revenues to finance basic services in a fair
and efficient manner. This paper applies hedonic analysis
that explicitly accounts for spatial spillovers to derive
the value of improved access to water in the Indian cities
of Bhopal and Bangalore. The findings suggest that by
looking at individual or private benefits only, the analysis
may underestimate the overall social welfare from investing
in service supply especially among the poorest residents.
The paper further demonstrates how policy simulations based
on these estimates help prioritize spatial targeting of
interventions according to efficiency and equity criteria. |
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