A Hedonic Approach to Estimating Operation and Maintenance Costs for New York Municipal Water Systems

Author:

Schmit Todd M.,Boisvert Richard N.

Abstract

A hedonic cost function is used to isolate the operation and maintenance costs for water treatments. For small systems, costs are substantial for some technologies, but not for others. When regional differences in input costs are accounted for, small systems located in rural areas may have a cost advantage over similar systems closer to urban centers; however, costs of water treatment to meet Safe Drinking Water Act amendments may still be substantial.

Publisher

Cambridge University Press (CUP)

Subject

Economics and Econometrics,Agronomy and Crop Science

Reference27 articles.

1. U.S. Environmental Protection Agency (EPA). Office of Water. 1997. “Drinking Water Infrastructure Needs Survey.” Report to Congress. EPA-812-R-97-001. Washington, D.C. January.

2. F-tests were completed by comparing the unrestricted model (Model I) with the three alternative specifications. In all cases the null hypothesis was rejected at a significance level of α = 0.01. For simplicity, only the restricted models with unitary elasticities of substitution with respect to the inputs for the hedonic and nonhedonic specifications are reported.

3. Spady and Friedlaender's (1978) favor hedonic representations of outputs and qualities as arguments, compared with conventional cost functions with exogenously specified quality adjusted outputs as arguments. The hedonic specification permits various quantity-technology combinations to reflect the same level of quality.

4. Depending on raw water quality, other filtration technologies may also pretreat water with CFS prior to filtration. Coagulants are added to the raw water and mixed to form larger particles. The larger particles (floc) separate out by gravity in a sedimentation tank, and the resulting water is filtered.

5. Boisvert R.N. , Tsao L. , and Schmit T.M. 1996. “The Implications of Economies of Scale and Size in Providing Additional Treatment for Small Community Water Systems.” Unpublished report to U.S. Environmental Protection Agency. Department of Agricultural, Resource, and Managerial Economics, Cornell University. February.

Cited by 8 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3