valuing access to water- a spatial hedonic approach applied to indian cities

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World Bank Publications, 2008 - Water resources development - 31 pages
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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Page i - The remainder of the paper is structured as follows. The next section develops our process model and reviews the definitions of the testing preorders and the prebisimulation preorder.
Page iii - Consider the model (1) y where y is an nx 1 matrix of observations on the dependent variable, X is an nxk matrix of observations on the k regressors, ft is akx 1 matrix of parameters, and u is an nx 1 matrix of disturbances.
Page 7 - Households were asked how much they would be willing to pay for improved water access using a stochastic payment card (eg, Wang and Whittington 2005).

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