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http://dx.doi.org/10.11625/KJOA.2014.22.3.397

An Estimation of Kleingarten's Reasonable Rental for Settlement of Farm Returners in Kyungpook Province  

Park, Ji-Yoen (한국농촌경제연구원)
Yeo, Jun-Ho (경북대학교 농업경제학과)
Publication Information
Korean Journal of Organic Agriculture / v.22, no.3, 2014 , pp. 397-412 More about this Journal
Abstract
This study estimated reasonable rental for Kleingarten (weekend farm) in Kyungpook province. To estimate Willingness To Pay (WTP) for Kleingarten rental, a survey was committed for the aged 20 and above who live in Daegu area. Through the Single Bounded Dichotomous Choice (SBDC) method, WTPs were estimated from 338,361 won to 357,646 won. Explanatory variables are leisure frequency, state of retirement, intention to get Kleingarten, sex and income levels and so on. As we expected, all explanatory variables are positively related with WTP.
Keywords
kleingarten; rental; willingness to pay (WTP); single bounded dichotomous choice (SBDC);
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