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@article{ART001454738},
author={Euh Seung Seob and Seung-Hoon Yoo},
title={The Consumer Surplus and Economic Value of Industrial Water in Korea},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2010},
volume={65},
pages={151-162},
doi={10.15793/kspr.2010.65..009}

TY - JOUR
AU - Euh Seung Seob
AU - Seung-Hoon Yoo
TI - The Consumer Surplus and Economic Value of Industrial Water in Korea
JO - The Korea Spatial Planning Review
PY - 2010
VL - 65
IS - null
PB - 국토연구원
SP - 151
EP - 162
SN - 1229-8638
AB - Industrial water used in the production process as a productive factor raises the economic value. That is, Industrial water is essential element. Therefore, in order to smooth industrial activity investment for water supply must be proceeded effectively. In terms of decision-making related to this, the economic value of the industrial water is used essentially. This study attempts to estimate the consumer surplus and economic value of industrial water for eleven sectors. In this process, information for the price elasticity of demand is based on industry survey data and demand function approach. As a result, the price elasticity of industrial water are all significant at 1% level or 5% level and the price elasticity of industrial water were all negative. Using this result, the consumer surplus in 2009 is estimated as 262 to 385 won per ㎥. Meanwhile, the economic value in 2009 is computed as 985 to 1,241 won per ㎥. The result of this study is containing more reasonable results than the other cases. Also, the economic value of industrial water that is still lacked in the case of the domestic study is identified specifically. That is, through this study, the fact that industrial water supply provide consumer with the considerable economic value and the consumer surplus is confirmed.
KW - Economic Value;Consumer Surplus;Industrial Water;Demand Function
DO - 10.15793/kspr.2010.65..009
ER -

Euh Seung Seob and Seung-Hoon Yoo. (2010). The Consumer Surplus and Economic Value of Industrial Water in Korea. The Korea Spatial Planning Review, 65, 151-162.

Euh Seung Seob and Seung-Hoon Yoo. 2010, "The Consumer Surplus and Economic Value of Industrial Water in Korea", The Korea Spatial Planning Review, vol.65, pp.151-162. Available from: doi:10.15793/kspr.2010.65..009

Euh Seung Seob, Seung-Hoon Yoo "The Consumer Surplus and Economic Value of Industrial Water in Korea" The Korea Spatial Planning Review 65 pp.151-162 (2010) : 151.

Euh Seung Seob, Seung-Hoon Yoo. The Consumer Surplus and Economic Value of Industrial Water in Korea. 2010; 65 151-162. Available from: doi:10.15793/kspr.2010.65..009

Euh Seung Seob and Seung-Hoon Yoo. "The Consumer Surplus and Economic Value of Industrial Water in Korea" The Korea Spatial Planning Review 65(2010) : 151-162.doi: 10.15793/kspr.2010.65..009

Euh Seung Seob; Seung-Hoon Yoo. The Consumer Surplus and Economic Value of Industrial Water in Korea. The Korea Spatial Planning Review, 65, 151-162. doi: 10.15793/kspr.2010.65..009

Euh Seung Seob; Seung-Hoon Yoo. The Consumer Surplus and Economic Value of Industrial Water in Korea. The Korea Spatial Planning Review. 2010; 65 151-162. doi: 10.15793/kspr.2010.65..009

Euh Seung Seob, Seung-Hoon Yoo. The Consumer Surplus and Economic Value of Industrial Water in Korea. 2010; 65 151-162. Available from: doi:10.15793/kspr.2010.65..009

Euh Seung Seob and Seung-Hoon Yoo. "The Consumer Surplus and Economic Value of Industrial Water in Korea" The Korea Spatial Planning Review 65(2010) : 151-162.doi: 10.15793/kspr.2010.65..009