• Asia-Pacific Journal of Business
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• v.11 no.2
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• pp.235-244
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• 2020

Purpose - This study estimated the value of the post-use of Alpine stadium in Jeongseon as a tourist attraction, which is one of the 2018 Pyeongchang Winter Olympics facilities, and identified determinant factors on the willingness to pay (WTP). Design/methodology/approach - A dichotomous-choice model of contingent valuation method (CVM) that is known for an effective tool was used to calculate the value. The questionnaire was conducted on 650 visitors to major tourist destinations in Jeongseon and 629 copies of the valid samples were analyzed. Findings - The results shows that determinate factors on the WTP are; suggestion cost, need (application of Ecotourism Program to the Restoration Process), agree(agree to Ecotourism Program in the Restoration Process) and age. Also, the WTP on the facility is 16,296 won per person. Research implications or Originality - This study estimates the value of the post-utilization of Alpine Stadium of the 2018 Pyeongchang Winter Olympics facilities, which have been experiencing conflict in recent years. For this reason, the findings of the paper will provide meaningful information for tourism development and management policies of the region.

• Journal of Internet Computing and Services
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• v.13 no.2
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• pp.1-11
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• 2012

The purpose of this paper is to estimate 'willingness to pay' for mobile data service by using contingent valuation method with double bounded dichotomous choice question. The findings are as follows.: First, the willingness to pay of mobile data service is considerably lower than current retail price. Second, the perceived degree of mobile data service such as awareness and benefit recognition is positively related to the willingness to pay of mobile data service. Our results suggest that active promotion and strengthening of the content of mobile data service are needed in order to enhance the profitability of mobile operators. The analysis results will be used to set the mobile operator's pricing strategy and to build up a successful communication policies in the mobile ecosystem.

• Proceedings of the Korea Water Resources Association Conference
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• 2008.05a
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• pp.575-582
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• 2008

다목적댐의 레크레이션 편익은 수자원 관리 측면에서 매우 중요한 요소이다. 그러나, 레크레이션 편익의 중요성에도 불구하고 이에 대한 충분한 고려없이 댐의 관리와 다목적댐에 대한 평가가 이루어진 결과 경쟁적인 물의 용도간 부적정한 유량배분의 결과를 초래하고 있었다. 최근 비록 시범적이지만 하천의 환경개선을 위해 다목적댐의 flusing 방류가 이루어지고 잇는 점도 댐의 기능이 점차 확장되어 가고 있음을 보여주고 있다. 다목적댐의 레크레이션 편익에 대한 인식은 효율적인 수자원 관리뿐만 아니라 레크레이션 이외의 다목적댐의 다른 용도의 진실된 가치 및 효율성을 확보하기 위해 어떻게 효율적으로 시간의 흐름에 따라 다목적댐의 저수(貯水)가 방류되어야 하는지에 대한 이해로 연결된다. 다목적댐의 레크레이션 편익 측정은 댐의 역할에 대한 진정한 평가가 될 수 있으며 그동안 간과되어 왔던 댐 건설로 인해 가능하게 된 레크레이션 기회를 가치화하는 시도가 될 수 있다. 본 연구는 조건부가치측정법(Contingent Valuation Method, CVM)을 이용하여 서울과 춘천지역을 대상으로 표본에 대한 설문조사와 함께 집중그룹인터뷰(Focus Group Interview, FGI)를 통해 소양강댐의 레크레이션 편익을 측정하였다. 서울은 소양강댐의 하류지역에 위치하면서 일반적으로 소양강댐의 건설로 인해 가장 큰 혜택을 누리는 지역이며 춘천지역은 소양강댐의 주변지역으로 소양강댐의 건설로 인해 가장 많은 피해를 입는 지역으로 여겨지고 있어 양 지역에서 느끼는 소양강댐에 대한 인식은 매우 독특할 것이라는 기대와 함께 댐으로 인한 레크레이션은 댐 저수지뿐만 아니라 댐 하류 하천 전체에 걸쳐 이루어지기 때문에 댐 저수지 지역인 춘천과 댐 하류지역인 서울을 대상지역으로 삼았다. 4개의 시나리오를 적용한 결과 소양강댐의 연간 레크레이션 편익은 235억원$\sim$913억원으로 추정되어 소양강댐의 주요 기능인 용수공급이나 발전에 따른 편익과 비교할 때도 결코 작지 않은 편익을 보여주고 있다. 아울러, 일반적으로 댐 건설로 인한 피해자로 인식되고 있는 하천의 상류지역인 댐 주변지역에 거주하는 사람들의 지불의사액(Willingness to Pay, WTP)이 댐의 수혜자로 인식되는 하류지역에 거주하는 사람들의 WTP보다 크다는 것과 댐 주변지역에 거주하는 사람들은 댐에 대하여 양 극단적인 태도, 즉 강한 애착과 강한 반감을 함께 보이는 것으로 나타났다. 본 연구는 레크레이션 기능이 댐의 주요 기능으로 고려되어야 하는 가에 대한 해답을 줄 수 있는데, 그동안 댐의 레크레이션 편익 측정을 어렵게 하였던 댐의 레크레이션 편익의 개념화를 통해 편익이 측정 가능하며 소양강댐의 경우 다른 목적의 물 사용 용도보다 편익이 클 수 있기 때문에 향후 다목적댐의 주요 기능을 확장할 필요성을 보여준다. 또한, 레크레이션 편익을 어떻게 내재화(內在化)하여야 하는지에 대한 향후 연구의 필요성도 제기한다.

• Journal of Korean Society of Rural Planning
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• v.24 no.3
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• pp.137-144
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• 2018

The purpose of this study is to measure the cost-benefit of a road construction project in Vietnam through international development cooperation, which includes private grants and Official Development Assistance(ODA). In developing countries, it is difficult and costly to use data on markets, the CVM(Contingent Valuation Method) to measure the WTP(Willingness-to-Pay) as the benefits of road construction are used. A total of 232 villagers in 16 villages of Lao Cai Province in Northern Vietnam have been surveyed. It is found that the Benefit-Cost Ratio(B/C) in all 3 models are found to be well over 1.0, ranging from 2.8 to 3.64 with the discount rate of 0.06. These BC ratios imply the road construction project in Lao Cai can be justified. Also, it is found that the shortened travel time is the most relevant factor for WTP among direct benefits and the enhanced academic achievement of the children is the most relevant factor among indirect benefits, due to easier and faster access to schools, which in turn increase the school attendance rate. The result of this study can be used to justify other similar projects in Vietnam, even though the benefits may have to be reassessed in other countries.

• Journal of Korean Society of Forest Science
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• v.104 no.1
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• pp.162-168
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• 2015

The purposes of this study are estimating willingness to pay (WTP) of forest owners for the disaster insurance premium for forest products in Korea and investigating factors affecting their WTP. The result with contingent valuation method shows that forest owners' median WTP is $9,440\;KRW/ha{\cdot}yr$. Advanced forest managers including devoted forest managers and forestry successors are willing to pay more for insurance premium compared to non-advanced ones, and those who have experienced disaster in their own forest land have higher WTP than others. WTP of advanced forest managers appears to be 50% higher than that of non-advanced. These results imply that policy makers should consider advanced forest managers as a priority to introduce the insurance system.

• Journal of Korea Port Economic Association
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• v.27 no.2
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• pp.85-110
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• 2011

The purpose of this study is to evaluate the social costs of inland trucking and maritime transport between Kwangyang Port in Korea and the Great Lakes in US. Also, this study compares these social costs each other, and finds the way how to internalize them for the efficiencies of national logistics policies. This study uses the Contingent Valuation Method to evaluate the social costs for the two transport modes in each country. The final result is that the social cost difference between inland trucking and maritime transport around US Great Lakes area is not so significant that there are not many chances to enhance the maritime transport in the region. However, in case of Korea, there is significant difference in social costs between the two transport modes, so that Korea government may have a lot of chances to improve the seaborne trade by way of various internalization policies.

• Proceedings of the Korea Water Resources Association Conference
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• 2022.05a
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• pp.463-463
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• 2022

도시하천은 급속한 경제성장과 개발 등 여건변화에 따라 크게 변화되어왔다. 이에 하천은 본연의 모습과 가치를 잃고 인공적인 모습으로 변해 하천의 주요 기능인 자정작용, 생태계 건강성 유지 등의 기능을 잃고 도시 활동에 따른 오염물질에 노출되어가고 있는 실정이다. 이로 인한 부정적인 영향으로 도시민의 삶의 질과 만족도 또한 하락되고 있다. 본 연구에서는 부산의 대표하천인 수영강을 대상으로 도시하천 수질 개선을 위한 도시민의 지불의사를 추정하였다. 비시장가치를 추정하기 위해 조건부가치측정법(CVM, Contingent Valuation Method)을 적용하여 수질개선에 따른 지불의사(WTP, Willingness To Pay)를 파악하고 경제적 가치를 추정하였다. 가상시나리오는 EPA, water quality ladder의 개념을 이용하여 현재 수영강 수질이 오염된 물(4등급)이라고 가상시장을 설정하고 낚시가 가능한 수준(2등급)까지 개선을 시키고자 할 때의 지불의사를 물었다. 이때 지불수단은 기부금의 형태로 연 1회 향후 5년간 지불기간을 설정하였다. WTP 모형추정은 KDI에서 제시하고 있는 로지스틱분포 함수와 스파이크 모형을 사용하여 WTP를 추정하였다. 스파이크 모형의 추정결과 평균 지불의사액은 12,255원으로 부산광역시 전체 가구 수인 1,392,291가구(2019년)에 적용할 경우 향후 5년간 연 170억 원의 재원을 확보할 수 있는 것으로 나타났다. 지불의사 추정결과 수영강 인접 지역주민의 지불의사가 높게 추정되었고, 부산시민이 수영강을 자연과 생태보전 기능하천으로 인지하고 있음(56.5%)을 고려 할 때, 하천환경개선을 통한 지불의사의 상승은 도시하천 가치 향상이 될 수 있을 것으로 판단된다. 또한 도시민의 기대수준 충족과 더불어 도시하천 가치상승을 위한 부족한 재원까지도 조달 할 수 있는 방안의 기초를 마련 할 수 있을 것이라 판단된다.

• Korean Journal of Environment and Ecology
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• v.25 no.5
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• pp.787-798
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• 2011

An arboretum is defined as a collection of facilities that conserve plant species by surveying, collecting, and proliferating and preserving the plants in nature, perform diverse researches on plants and display the plants in exhibition spaces or outdoors as well as provide the public with educational programs and refreshment spaces according to the laws concerned. The public, however, recognizes the exhibition and education functions on plants of arboretum more importantly compared with the roles to survey, collect, and proliferate plants as regulated by the laws. In particular, arboretum plays a role to offer a pivotal educational place in urban area where the public can obtain an hands-on experience and understanding on a wide range of plant species and natural environment. The study aims to estimate the non market environmental values of Daegu Arboretum operated by Daegu Metropolitan City government by using the Contingent Valuation Methods (CVM), which yields the current monetary estimates for the arboretum. The value estimation was undertaken by using the Double-Bound Dichotomous Choice (DBDC) method, and each estimated value was derived from respective functions based on a logit distribution known to include relatively stable estimates according to the shape of the distribution. Considering the statistical fitness test results, the author estimated the amounts of the Willingness To Pay (WTP) such as mean WTP of 12,718 KRW, median WTP of 11,033 KRW, and truncated mean WTP of 11,468 KRW, which represented the annual recreational values per a person visiting Daegu Arboretum respectively. The analysis showed that Daegu Arboretum created the annual environmental values which were estimated to be approximately 16 to 19 billion KRW. The study also has an implication that the valuation method for the environment of Daegu Arboretum may be effectively applied for estimating the values of other types of environmental goods by altering the locations or goods to be analyzed.

• Journal of Korean Society of Transportation
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• v.30 no.6
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• pp.3-12
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• 2012

Additive willingness-to-pay (WTP) for leisure-travel time saving focused on the Iksan-Pohang Expressway and the Donghae Expressway was surveyed during the summer months to estimate the value of travel-time savings (VTTS) for non-business leisure trips. Travelers traveling between 2 and 3 hours on Iksan-Pohang Expressway had WTP of 723 won per 10 minutes of leisure-travel time savings and those traveling between 3 and 4 hours on Donghae Expressway had WTP of 854 won per the same. Based on this survey, we learned that WTP in leisure travel time savings increased with the total travel time. 300 effective samples for each expressway were collected, and estimation was separately conducted on the basis of Cox test.

• Korean Journal of Organic Agriculture
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• v.31 no.3
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• pp.167-189
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• 2023

Korea has become the highest nitrogen balance (228 kg/ha) among 34 OECD member countries, and has the stigma of being a 'Nutrient overload country' as of 2019. Accordingly, research on the derivation and utilization of nutrient balance indicators and the 'regional nutrient management system' are being promoted to improve Korea's nutrient balance. It is necessary to support these policies and studies, form a public consensus on improving the nutrient balance, and evaluate the function of the public benefit. This paper aims to estimate the public benefit value of improving the nutrient balance based on an analysis of consumers' willingness to pay and recognition of Korea's nutrient excess for 600 consumers nationwide. As results, 21.2% of the respondents said they were aware of excessive nutrients in Korea, and 76.7% of the respondents said they were aware of the need for nutrient management. The average amount of intention to pay for the improvement of three pollution (soil, water quality, and air) that can occur due to a nutrient overload was ￦2,321.1 for soil pollution improvement, ￦2,391.2 for water pollution improvement, and ￦2,377.9 for air pollution improvement. The average willingness to pay for the three pollution reduction was ￦6,002.3. These results are expected to be used to form a public consensus on the balance of payments and to establish measures to enhance public interest values in the future.