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http://dx.doi.org/10.15266/KEREA.2018.27.3.421

Estimating the Vewing Value, Landscape Value, and Net Visit Value of Windpower Turbines in Mountain Areas in Korea Using a Choice Experimentation Method  

Han, Taek-Whan (Seo-Kyeong University)
Publication Information
Environmental and Resource Economics Review / v.27, no.3, 2018 , pp. 421-461 More about this Journal
Abstract
Windpower turbines have positive values for visitors with regard to tourism and learning. On the other hand, it is clear that windpower turbines have negative impact on the landscape, particularly when the level of landscape is high. The impact of windpower turbines on the visitor's value is composed of two elements: the viewingvalue which is independent of the level of landscape and the landscape value which varies with the level of landscape. The net visitor's value of windpower turbines is the sum of these two values with opposite signs. This study used a choice experimentation method to value the impact of windpower turbine construction in the mountainous area in Korea. This study estimated the viewing value, the landscape value and the visit value as the sum of the two values. The estimated results demonstrated a significantly positive viewing value, a significantly negative landscape value, and weakly negative net visit value in average.
Keywords
Choice Experimentation; Mountainous Areas; Visit Value; Viewing Value; Landscape Value; Attribute Variables; Landscape; Interaction; Framing Effect;
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