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The benefit analysis of constructing the visual conservation center  

Jeong, Ki-Ho (School of Economics and Trade, Kyungpook National University)
Publication Information
Journal of the Korean Data and Information Science Society / v.22, no.5, 2011 , pp. 885-893 More about this Journal
Abstract
Visual conservation center is a facility for the preservation of visual materials such as film and digital image data, and its construction project is currently being considered. This study evaluates the economic benefit of the project using CVM (Contingent Valuation Method), the main method of nonmarket evaluation in the both domestic and foreign literature. Survey data used in the analysis was collected in seven major metropolitan cities using person-to-person interviews and a logit model is used for the econometric estimation. The economic benefit measured by a household's average willing to pay (WTP) per year is shown to amount to 8,958 won.
Keywords
CVM; economic benefit; logit model; visual conservation center;
Citations & Related Records
Times Cited By KSCI : 4  (Citation Analysis)
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