• Environmental and Resource Economics Review
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• v.13 no.3
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• pp.387-415
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• 2004

This paper is intended to valuate air quality of the Seoul Metropolitan Area using triple-bound dichotomous choice (TBDC) contingent valuation method (CVM), supplemented by open-ended (OE) questionnaires. In the OE questionnaires, some respondents would state their willingness to pay (WTP) outside the limits of the WTP interval. It implies that WTP estimates based on the customary dichotomous choice (DC) questionnaires can be biased. We argue that the TBDC-CVM refined with OE questions is more efficient, because the latter helps purge the former of corrupted data that may have been collected by the TBDC interview process.

• Current Research on Agriculture and Life Sciences
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• v.32 no.3
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• pp.165-169
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• 2014

This study assessed the economic feasibility of an automatic egg washer. Based on various cost benefit analysis methods, including the net present value (NPV), internal rate of return (IRR) and benefit cost ratio (B/C Ratio), the automatic egg washer was confirmed to have economic feasibility. The NPVs were 38,565,991 won at 5% discount rate and 32,013,916 won at 10% discount rate, respectively. The IRRs were 1.325 at 5% discount rate and 1.299 at 10% discount rate, respectively. Finally, the B/C ratios were 1.726 at 5% discount rate and 1.699 at 10% discount rate.

• Environmental and Resource Economics Review
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• v.31 no.4
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• pp.505-529
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• 2022

Radon is a radioactive gas that causes lung cancer deaths. The contingent valuation method (CVM) is used to estimate the value of a statistical life(VSL) of 2.054 billion won for the death due to residential radon in Korea. Residential radon is assumed to have caused 2,330 deaths in 2020, of which the estimated social cost is 4.78 trillion won. When a national compulsory standard of 200Bq/m³ is set for residential radon concentration, the number of lives saved is estimated to be 691, leading to a social benefit of 1.42 billion won. This study reports the origin, characteristics and health risk of residential radon, and emphasizes the importance of a dramatic increase in the budget for residential radon reduction policies.

• Journal of the Architectural Institute of Korea Planning & Design
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• v.36 no.2
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• pp.25-32
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• 2020

The purpose of this study is to estimate the economic value of architectural aesthetic using the contingent valuation method and to analyze the value-giving characteristics. The site survey was conducted based on the scenario of Dong-daemun Design Plaza, which is recognized as a work of outstanding architectural aesthetic. Based on 307 opinions collected, the main results are as follows: First, it could be confirmed that the higher the level of architectural aesthetic, the higher the payment amount was. The result of estimating the value of the architectural aesthetic on the basis of the fixed amount levy showed that the average payment amount was 8,859 won per person. The average payment amount was 13,014 won per person when the rejector of payment was excluded. The value of architectural aesthetic was about 13.72% of total construction cost. Second, free riding, which occurs mainly in the measurement of the value of public goods or environmental goods, appeared. This tendency is stronger in the elderly than in the younger, and in the differential amount levy than in the fixed amount levy. Third, the extreme subjectivity of architectural aesthetic value could be confirmed. While there are a lot of extreme denials of payments such as 0 won, the high-income was willing to pay a substantial amount. Fourth, it was confirmed that income factors was partly involved in the measured value.

• Korea journal of population studies
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• v.30 no.3
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• pp.83-105
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• 2007

This study investigates the stance of the social capitals that explain voluntary services. The testing results indicate that the decision to join the voluntary services is significantly affected by ages, householder, marriage, preschool child, gender, physical condition, income, education, job position, occupation, region, day, etc. And a giving time is significantly influenced by ages, marriages, working together of husband and wife, gender, income, job, occupation position, a type of living house, etc. Moreover, we find that the economic values of the voluntary services estimate at 21,467 billion won a year in 2004, and GDP ratio is 0.2% that is lower than those of major developed countries.

• Proceedings of the Korea Water Resources Association Conference
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• 2012.05a
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• pp.265-265
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• 2012

한반도 지역의 강설(snowfall)은 전체 연 강수량의 약 10% 이하로 매우 적은 양을 차지하고 있다. 하지만 강설은 대기질(air quality)을 개선하고 산불 발생률을 저감시키며, 특히 봄철 수자원의 제공과 가뭄피해 경감 등 수문학적으로도 중요한 기능을 가진다. 하지만 최근 기후변화로 인해 폭설 현상이 빈번하게 발생하여 사회 경제적 손실을 유발하고 있다. 따라서 강설로 인한 피해를 최소한으로 줄이기 위해서는 정확한 강설탐지 및 강설 추정 방법이 필요하다. 최근 해외의 수많은 연구들을 통하여 수동 마이크로파 센서 자료를 활용한 강설 추정의 가능성이 확인되고 있다. 하지만 수동 마이크로파 센서의 휘도온도를 이용한 추정 방법들은 대기의 연직 구조 파악에 어려움이 있기 때문에 정확한 강설량을 추정하는 데에 한계가 있다. 그러나 2006년 발사된 CloudSat의 Cloud Profiling Radar는 강설의 연직 프로파일에 대한 가치 있는 정보를 제공하기 때문에 수동 마이크로파 센서 자료와의 결합을 통해 보다 정확한 강설 추정 알고리즘을 제시할 수 있을 것으로 판단된다. 따라서 본 연구에서는 CloudSat의 Cloud Profiling Radar (CPR) 자료와 수동 마이크로파 센서인 NOAA의 Microwave Humidity Sounder (MHS) 센서 자료를 결합하여 한반도 강설 추정에 적합한 알고리즘을 개발하고자 한다.

• Journal of the Economic Geographical Society of Korea
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• v.15 no.2
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• pp.192-205
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• 2012

This study estimates how much climate variables affect the land price and acreage of rice paddy and dry farm field in agriculture with the case of Gangwon-do in Korea. To this end, we capitalize upon the Ricardian approach based upon the panel data on climate, soil and geography, farmland prices and acreage, other economic and social variables for 11 municipal units comprising Gangwon-do during the period of 1992-2010. Our empirical analysis shows that the temperature variable has negative economic impacts on the price and acreage of rice paddy and dry farm field, confirming that the temperature variable is much significant than that of precipitation in global warming. On the other hand, the other determinants of farmland price and acreage are different with the type of farmland in Gangwon-do.

• Journal of Korean Society of Transportation
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• v.30 no.1
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• pp.135-147
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• 2012

The benefit of traffic information on variable message sign can be divided into two. At the public level, the benefit of ATIS is the travel time saving, which is not only induced from ATIS, but also mixed with that of ATMS. In the economic appraisal of ITS, the benefit of ATIS has so far been regarded as the derived benefit from ATMS. At the user level, the benefit of ATIS is reduced driver uncertainty through the forward traffic status information. User can benefit from the information on VMS and therefore may have the willingness to pay for it. Recently attempt to qualify the value of information on VMS was increased, but there was a danger of distorting or over-estimates of the ATIS benefit because the related studies didn't consider the time-dependent attributes of traffic information and provided the single value. Estimates of the time-varying value should be needed for a rigorous economic appraisal of ATIS. In this study, we varied the value of information on VMS according to peak and non peak trip and verified the hypothesis that time-varying of value was statistically significant.

• Environmental and Resource Economics Review
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• v.22 no.1
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• pp.127-145
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• 2013

This study estimates the economic impact of sea-level rise on Jeju island and suggests the optimal protection level based on the FUND model. There exist a number of studies that estimate the impacts of sea-level rise on global scale, but their results are of limited use for local scale such as Korea. Therefore, this study applies some specific indicators and data of Korea into to FUND model for deriving site specific estimates. The results show that 2.01%~2.25% of land could be inundated by sea-level rise until 2100. The value of affected land is about 6.4%~7.2% of total land value. The discrepancy between the figures indicates that the area affected by sea-level rise is much more valuable than the rest of Jeju island. The optimal protection level in Jeju city is higher than that in Seguipo city, even though the coastal length of Jeju city is longer than that of Seguipo. This is due to the fact that the economic value of Jeju city is much higher than that of Seoguipo city.

• Journal of Korean Society of Transportation
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• v.34 no.1
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• pp.43-54
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• 2016

Although there are continuous demands for activating BSSs(Bicycle Sharing Systems) due to the convenience and positive health effects, it is difficult to make a decision to support the existing systems and build more systems because of the deficit resulting from the operation of BSSs. Consequently, this study estimated the economic effects(WTP; Willingness to Pay) of BSS and analyzed the impact factors of WTP to support the above decision making in Daejeon. For this, we conducted a survey and collected 668 samples from the users and non-users of TASHU that is the BSS operated in Daejeon. Also, we used CVM(Contingent Valuation Method) for the estimation of WTP. The results show that the number of bicycle uses is a determinant factor having a positive relationship with WTP and car ownership and age are also determinant factors having a negative relationship with WTP. On the other hand, income and sex have no significant statistical relationship with WTP. Also, the economic benefit of TASHU was estimated as much as 49.9 billion KRW to 63.6 billion KRW. Considering the operation cost of 2.5 billion KRW, it is quite big benefit. Based on the results, it needs to support TASHU from a user perspective for the efficient operation of the system.