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

Tentes, G; Damigos, D

dc.contributor.author	Tentes, G	en
dc.contributor.author	Damigos, D	en
dc.date.accessioned	2014-03-01T01:37:36Z
dc.date.available	2014-03-01T01:37:36Z
dc.date.issued	2012	en
dc.identifier.issn	0920-4741	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/21572
dc.subject	Contingent valuation	en
dc.subject	Groundwater value	en
dc.subject	Mixed model	en
dc.subject	Non-use values	en
dc.subject	Replacement cost	en
dc.subject.classification	Engineering, Civil	en
dc.subject.classification	Water Resources	en
dc.subject.other	Contingent valuations	en
dc.subject.other	Economic values	en
dc.subject.other	Environmental crisis	en
dc.subject.other	Environmental damage	en
dc.subject.other	Environmental economics	en
dc.subject.other	Lost value	en
dc.subject.other	Mixed models	en
dc.subject.other	Non-use values	en
dc.subject.other	Public goods	en
dc.subject.other	Replacement costs	en
dc.subject.other	River basins	en
dc.subject.other	Willingness to pay	en
dc.subject.other	Aquifers	en
dc.subject.other	Chromium compounds	en
dc.subject.other	Economic analysis	en
dc.subject.other	Environmental impact	en
dc.subject.other	Groundwater pollution	en
dc.subject.other	Groundwater resources	en
dc.subject.other	Watersheds	en
dc.subject.other	River pollution	en
dc.subject.other	aquifer pollution	en
dc.subject.other	chromium	en
dc.subject.other	contingent valuation	en
dc.subject.other	environmental degradation	en
dc.subject.other	environmental economics	en
dc.subject.other	future prospect	en
dc.subject.other	pollution tax	en
dc.subject.other	river basin	en
dc.subject.other	voluntary approach	en
dc.subject.other	willingness to pay	en
dc.subject.other	Asopos Basin	en
dc.subject.other	Greece	en
dc.title	The Lost Value of Groundwater: The Case of Asopos River Basin in Central Greece	en
heal.type	journalArticle	en
heal.identifier.primary	10.1007/s11269-011-9910-2	en
heal.identifier.secondary	http://dx.doi.org/10.1007/s11269-011-9910-2	en
heal.language	English	en
heal.publicationDate	2012	en
heal.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. © 2011 Springer Science+Business Media B.V.	en
heal.publisher	SPRINGER	en
heal.journalName	Water Resources Management	en
dc.identifier.doi	10.1007/s11269-011-9910-2	en
dc.identifier.isi	ISI:000297837200009	en
dc.identifier.volume	26	en
dc.identifier.issue	1	en
dc.identifier.spage	147	en
dc.identifier.epage	164	en