• Environmental and Resource Economics Review
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• v.20 no.1
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• pp.119-153
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• 2011

This study reviews various aspects of model formulating processes of dichotomous choice responses of the contingent valuation method (CVM), which has been increasingly used in the preliminary feasibility test of Korea public investment projects. The theoretical review emphasizes the consistency between WTP estimation process and WTP measurement process. The empirical analysis suggests that two common parametric models for dichotmous choice responses (RUM and RWTP) and two commonly used probability distributions of random components (probit and logit) resulted in all most the same empirical WTP distributions, as long as the WTP functions are specified to be a linear function of the bid amounts. However, the efficiency gain of DB response compared to SB response were supported on the ground that the two CV responses are derived from the same WTP distribution. Moreover for the exponential WTP function which guarantees the non-negative WTP measures, sample mean WTP were quite different from median WTP if the scale parameter of WTP function turned out to be large.

• Proceedings of the CALSEC Conference
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• 2005.03a
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• pp.293-298
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• 2005

This paper is a study on the model that measures economic values for the non-market properties of e-Business. For development of this model, first of all, we reviewed the properties of e-Business service, and looked around the relation between customer satisfaction and/or payment value and e-Business properties. In addition, we checked the method to measure economic values of these properties. This measurement method is the contingent valuation method which is a method of measuring the value of the environmental product. We modified it to adapt to the e-Business. Finally, in this paper, we proposed an economic value model which measures the value of willingness to pay(WTP) to our objectives. However, there could be some restrictions at the time when surveying empirically. Therefore, the succeeding study should be done in order to improve these restrictions some day.

• Environmental and Resource Economics Review
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• v.20 no.3
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• pp.595-628
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• 2011

This study investigates the issues and suggests reform measures in applying CV methods to the Korea Development Institute's (KDI's) Preliminary Feasibility Test (PFT) of public projects. Most public projects on culture, science and environment evaluated under the PFT system belong to the category of "nonstandard" projects whose outputs are non-marketed, and CV is currently the main tool used for their benefit estimation. A careful discussion and investigation is recommended for the selection of target population, payment vehicle, and number of payment times. Operating expert reviews, focus group interviews, and pre-tests is highly recommended to reduce the potential bias involved in the CV studies. A single or double bounded dichotomous choice format is the most popular design of questionnaire, but we identify several undissolved issues in designing and implementing the format. Some other forms of inducing WTPs may still deserve our consideration. Various specifications of the WTP function need to be tried and tested based on their stability, in particular. Employing a nonparametric approach is also recommended. Treatments of 0 or negative WTPs and protest bids are shown to be the most serious issues that affect the estimation results significantly. We review diverse measures of handling those issues and summarize their advantages and shortcomings.

• Journal of Korean Society of Rural Planning
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• v.20 no.4
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• pp.67-76
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• 2014

The objective of this study is to estimate the economic value of official management and control for invasive insects and diseases in fruits. The direct and indirect effect of this control measure can be the changes in price of fruits and related goods, changes in export volume of domestic fruits, changes in total volume of fruit production, and reduce the risk in food safety. The contingent valuation method with the single-bounded dichotomous choice is employed to estimate each household's willingness-to-pay (WTP) to maintain official management and control measures. The total number of sample consists 2,050 respondents between the ages of 19-60 years, and the survey is conducted using Web-based survey. The estimated results for mean WTP is 5,443won per month per household. Therefore, the total economic value of official management and control on fruit in Korea is estimated to be approximately 94.4 billion won per month.

• Ocean and Polar Research
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• v.44 no.3
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• pp.235-247
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• 2022

A marine protected area (MPA) is a spatially designated section of the ocean where the biodiversity is high. Munseom MPA has a unique underwater landscape including soft coral, subtropical fish, and benthos, attracting many scuba divers. This paper intends to evaluate the willingness-to-pay (WTP) for the scuba diving management policy in the Munseom MPA. As a stated preference valuation method, a choice experiment was applied to assess divers' preferences with economic values for the policy. The attributes used in the study included zoning (temporal closure), conservation education, daily permit, soft coral area, and diving fee. We collected 333 questionnaires through online and field surveys and used 296 after excluding incomplete responses for the final data analysis. Study results show that a six-month closure, a decrease in soft coral habitat, and the diving fee were statistically significant. A positive coefficient with regard to the six-month closure variable indicates that divers preferred the policy, and the marginal willingness to pay (MWTP) was estimated to be KRW 8,637 per person per dive. The aggregate WTP of KRW 233 million was obtained by multiplying the MWTP by the number of visiting divers per year. When comparing the levels of recreation specialization, more skilled divers preferred the management option. The results of this study will help predict the priority of management measures and the levels of acceptability among divers when diving management is implemented in Korea in the future. This study suggests that marine environmental policies need to consider divers as one of the important stakeholders for marine conservation.

• Journal of Korean Society on Water Environment
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• v.39 no.2
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• pp.153-161
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• 2023

The reservoir tank in an apartment is crucial for maintaining the quality of drinking water after it has undergone treatment. Investigating the water quality and potential contaminants in the reservoir tank is essential to ensure the safety of the drinking water. This study examined the water quality and precipitated suspended solids that accumulate at the bottom of the reservoir tanks in four apartments located in Gyeonggi province. As a result of the water quality investigation, turbidity increased proportionally to the distance from the water treatment plant (WTP) to the household. Heavy metals were also detected in the reservoir tank inlet but not in the water supplied from the WTP. The precipitated suspended solids (SS) in the reservoir tank contain high levels of heavy metals and total organic carbon (TOC). The precipitated SS mainly consists of Al, Mn, and Fe, which are expected to be a combination with turbidity-inducing substances. The X-ray diffraction (XRD) analysis revealed the presence of γ-FeO(OH), MnO₂, and β-Fe₂O₃ in the SS. Additionally, F-EEM analysis indicates that the dissolved organic matter in the SS is mainly derived from a natural water source and microorganism activities, including metal-oxidizing bacteria and biofilms that can absorb metal ions. Based on these findings, several countermeasures can be taken to prevent the inflow of SS into the household, including regularly cleaning the reservoir tank, replacing or cleaning old pipes in the water supply system, and implementing monitoring and filtering systems to manage the SS.

• Journal of Korean Society for Atmospheric Environment
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• v.21 no.2
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• pp.205-213
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• 2005

A survey regarding ozone abatement policies and measures was conducted for 230 residents in Seoul. The main survey results of public opinion indicated that it would be better to devise new effective plans of public relation to citizen, and that national strategies for the ozone pollution abatement should be reevaluated and made up for the weak point. Especially, it would be necessary to provide for citizens precise and/or specific information regarding ozone pollution issue and guideline how to reduce ozone pollution from the household.

• Journal of Korean Society of Water and Wastewater
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• v.25 no.2
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• pp.153-160
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• 2011

Ozone process is currently applied in 24 water treatment plants in Korea to control micropollutants and taste & odor compounds. However, one of the chlorine resistant protozoa, cryptosporidium, is not being considered as ozone disinfection performance whereas U.S. is already regulate Cryptosporidium by ozone disinfection. two ozone plants(PH, UH WTP) operation conditions are investigated for disinfection performance comparing Korea disinfection regulation and U.S. regulation. The ozone plants are unable to get Cryptosporidium inactivation credits by Korea disinfection regulation. However, the inactivation credit for Cryptosporidum was increased when the U.S. disinfection regulation was applied. The Korea disinfection credit regulation need revision to practical aspects.

• The KIPS Transactions:PartC
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• v.8C no.5
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• pp.615-620
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• 2001

This paper is a study on the model that measures economic values for the non-market properties of Electronic Commerce(EC). For development of this model, first of all, we reviewed the properties of EC service, and looked around the relation between customer satisfaction and/or payment value and EC properties. In addition, we checked the method to measure economic values of these properties. This measurement method is the contingent valuation method which is a method of measuring the value of the environmental product. We modified it to adapt to the EC. Finally, in this paper, we proposed an economic value model which measures the value of willingness to pay(WTP) to our objectives. However, there could be some restrictions at the time when surveying empirically. Therefore, the succeeding study should be done in order to improve these restrictions some day.

• Environmental and Resource Economics Review
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• v.14 no.3
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• pp.655-672
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• 2005

In recent years, the state of the water quality of Han river has been among the top public concerns. This paper measures economic value of multiple environmental impacts of improved water quality of Han river using a choice experiments approach. The choice works that take into account trade-offs between price and environmental attributes for a preferred option turned out to be within respondent' ability to reveal their preferences, and the willingness to pay estimates were statistically significant. This study allows policy-makers to provide useful quantitative information that can be referred to as a benchmark for upcoming water projects.