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http://dx.doi.org/10.3741/JKWRA.2008.41.3.315

Estimating of Social Preference of the Watershed Resident about the Anyangcheon Watershed Water Quality Improvement  

Kong, Ki-Seo (Agricultural & Science Technology Research Institute, Chungbuk National Univ.)
Kong, Doo-Ho (Korea Institute of Water & Environment)
Yoo, Jin-Chae (Dept. of Agricultural Economics, Agriculture Life & Environment, Chungbuk National Univ.)
Publication Information
Journal of Korea Water Resources Association / v.41, no.3, 2008 , pp. 315-324 More about this Journal
Abstract
This paper double-bound dichotomous choice method as a contingent valuation methods is used to derive willingness to pay for the water quality at the Anyangcheon watershed. The linear random utility model show that value of improvement of the Anyangcheon watershed water quality is 4,930 won per house and month of the Seoul and Gyeong-gi area residents. There is no difference between Seoul and Gyeong-gi area residents. Respondents overall accepted the contingent market and were willing to contribute a significant amount (3,860 to 5,101 won), on average, per household per month. The aggregate value of the water quality improvement in the Anyangcheon watershed amounts to approximately 83.0 to 109.7 billion won per year. This study is expected to contribute to the decision-making process for policy-makers by providing useful methodological framework and quantitative information related to watershed improvement projects.
Keywords
non-market value; contingent valuation method; willingness to pay; Anyangcheon watershed;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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