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Measuring Landscape Value of Jeju Island's Stonewall Fencing Farming Land for the Introduction of Direct Payment System of the Landscape Preservation  

Ko, Seong-Bo (Department of Industrial & Applied Economics and the Research Institute for Subtropical Agriculture and Biotechnology, Cheju National University)
Publication Information
Journal of Korean Society of Rural Planning / v.13, no.4, 2007 , pp. 1-8 More about this Journal
Abstract
The dichotomous-choice contingent valuation method is applied to estimate the landscape value of Jeju Island's stonewall fencing farming land. A distribution-free approach, Turnbull empirical distribution model, is employed to solve negative willingness to pay and truncation problems. The data used are collected from the interviews with tourist about willingness-to-pay at the various donation amount levels of Jeju stonewall's landscape value. The evaluation result is shown that the average amount of willingness to pay for the Jeju stonewall fencing farming land is 3,001 won per meter with standard deviation of 511.0 won/m.
Keywords
Landscape value of Stonewall Fencing Farming Land; Turnbull model; CVM; WTP; Direct Payment;
Citations & Related Records
Times Cited By KSCI : 4  (Citation Analysis)
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