An economic approach to water supply planning in southeastern Virginia

Abstract

Summaries of the net benefits associated with water use in excess of projected 1980 water use in Portsmouth and in Norfolk; Virginia Beach, and Chesapeake (NVBC) are presented in Table 6.1 and in Tables 6.2 and 6.3, respectively. The net benefits shown in these tables represent the differences between the WTP for, and the costs incurred in the provision of quantities of water used in excess of projected 1980 use. The benefits and costs of the different responses were examined in each year from 1980 through 2030 for the high and low elasticity estimated demand curves. The net benefits are expressed as present values in 1980, based upon a discount rate of 6.375%, and are given in terms of the 1977 price level.