Variable (X)

Coefficient

Std. Error

t-stat. β/Std. Error

P > |z|

Monthly income of respondents (cedis)

0.00075^***

0.00012

6.25

0.000

Current cost of water (cedis)

0.00150

0.00374

0.40

0.689

Time spent in fetching water (minutes)

0.00662^**

0.00303

2.18

0.029

Household size

−0.02140

0.03192

0.67

0.503

Sex of respondent(Male = 1; Female = 0)

0.24914^*

0.14043

1.77

0.076

Education level of respondent, Basic

0.24942

0.28403

0.86

0.380

Education level of respondent, Secondary

0.59851^**

0.28896

2.07

0.038

Education level of respondent, Tertiary

1.20888^***

0.34086

3.55

0.000

Respondent’s years of stay in the Area

0.01114

0.00811

1.37

0.169

Perceived quality of current water supplied

−0.45227^**

0.17892

2.53

0.011

Reliability of existing water supply source

0.19686

0.16095

1.22

0.221

Initial Bid

−1.72753

4.47438

0.39

0.699

Sanitation facility of respondent

1.06870^***

0.16223

6.59

0.000

^*Marital status of respondent

0.75820^***

0.14729

5.14

0.000

cut1

0.70018

cut2

2.04689

cut3

3.33943

cut4

4.76036

Log-Likelihood -334.66194, LR χ²(14) - 321.80, Pseudo R² - 0.3247

^***Significant at 1%, ^**Significant at 5%, ^*Significant at 10%