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

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

doi:10.1111/j.1752-1688.1993.tb03209.x

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

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

Agricultural Economics, Sociology and Education

Research output: Contribution to journal › Article › peer-review

41 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 language	English (US)
Pages (from-to)	291-299
Number of pages	9
Journal	JAWRA Journal of the American Water Resources Association
Volume	29
Issue number	2
DOIs	https://doi.org/10.1111/j.1752-1688.1993.tb03209.x
State	Published - Apr 1993

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 6 Clean Water and Sanitation
SDG 8 Decent Work and Economic Growth

All Science Journal Classification (ASJC) codes

Ecology
Water Science and Technology
Earth-Surface Processes

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10.1111/j.1752-1688.1993.tb03209.x

Cite this

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title = "THE OPPORTUNITY COST OF TIME AND AVERTING EXPENDITURES FOR SAFE DRINKING WATER",

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.",

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AB - 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.

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

Abstract

UN SDGs

All Science Journal Classification (ASJC) codes

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