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

Published online by Cambridge University Press:  15 September 2016

Todd M. Schmit  and
Richard N. Boisvert
Todd M. Schmit
Affiliation:
Department of Agricultural, Resource, and Managerial Economics, Cornell University
Richard N. Boisvert
Affiliation:
Department of Agricultural, Resource, and Managerial Economics, Cornell University
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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.

Type
Articles
Information
Agricultural and Resource Economics Review , Volume 26 , Issue 2 , October 1997 , pp. 184 - 195
Copyright
Copyright © 1997 Northeastern Agricultural and Resource Economics Association 

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