NDLI: The Lost Value of Groundwater: The Case of Asopos River Basin in Central Greece

Content Provider	Springer Nature Link
Author	Tentes, Georgios Damigos, Dimitrios
Copyright Year	2011
Abstract	Due to the unique nature of the environmental damage, mainly by Cr(VI), the pollution of the Asopos river basin aquifer in Greece has been recently characterized as an ‘environmental crisis’. This paper presents the results of the first attempt in Greece to value the environmental damage to groundwater and to estimate its total economic value using environmental economics. Towards this direction a Contingent Valuation study was conducted, covering the settlements mostly affected in the area. The results indicate that local households are willing to pay an extra monthly charge in voluntary basis for ten years, in order to restore the aquifer under investigation. Different household profiles show different willingness to pay, depending on attitudes against the environmental damage, population age and place of residence. The elicited estimates seem to reflect mostly non-use values and, although smaller than actual private and public expenses for the replacement of the lost public good, the findings are promising and may serve as a spark for future research.
Starting Page	147
Ending Page	164
Page Count	18
File Format	PDF
ISSN	09204741
Journal	Water Resources Management
Volume Number	26
Issue Number	1
e-ISSN	15731650
Language	English
Publisher	Springer Netherlands
Publisher Date	2011-10-05
Publisher Institution	European Water Resources Association (EWRA)
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Contingent valuation Groundwater value Mixed model Replacement cost Non-use values Civil Engineering Environment Hydrogeology Meteorology/Climatology Geotechnical Engineering & Applied Earth Sciences
Content Type	Text
Resource Type	Article
Subject	Water Science and Technology Civil and Structural Engineering

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