RT Journal Article
SR Electronic
T1 The Economics of Safe Drinking Water
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 94
OP 117
DO 10.2307/3146983
VO 77
IS 1
A1 Innes, Robert
A1 Cory, Dennis
YR 2001
UL http://le.uwpress.org/content/77/1/94.abstract
AB This paper studies a drinking water market in which a water company, faced with random contamination, chooses a treatment system, treatment levels, and whether to notify consumers that they should drink bottled water rather than risk exposure to contaminants in the tap water. The paper describes efficient practices including protocols which prescribe when a company should notify customers to drink bottled water, and regulatory standards on post-treatment water quality that depend upon system size, the extent of contamination, and the customer notification decision. Implications for contemporary safe drinking water law are discussed. (JEL L51, Q25).