Routledge Handbook of Water and Health
Demand assessment and valuation
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Jeuland, M
January 1, 2015
Introduction In economics, an individual’s demand is generally deemed to be equivalent to his/her willingness (and ability) to pay (WTP) for a specific unit of a good or service. The concept of demand is theoretically simple; in practice, however, measuring demand poses a number of challenges. These challenges can be broadly grouped into three categories: 1) insufficient information on how WTP varies over a policy-relevant range of quantities; 2) an inability to observe demand in competitive markets for the good or service of interest, because markets are missing or highly distorted; and 3) the existence of external effects that cause deviations between private and social WTP.
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Jeuland, M. (2015). Demand assessment and valuation. In Routledge Handbook of Water and Health (pp. 616–625). https://doi.org/10.4324/9781315693606-75
Jeuland, M. “Demand assessment and valuation.” In Routledge Handbook of Water and Health, 616–25, 2015. https://doi.org/10.4324/9781315693606-75.
Jeuland M. Demand assessment and valuation. In: Routledge Handbook of Water and Health. 2015. p. 616–25.
Jeuland, M. “Demand assessment and valuation.” Routledge Handbook of Water and Health, 2015, pp. 616–25. Scopus, doi:10.4324/9781315693606-75.
Jeuland M. Demand assessment and valuation. Routledge Handbook of Water and Health. 2015. p. 616–625.