Valuation of the Woopo Wetland in Korea: a contingent valuation study

A contingent valuation (CV) method was performed to estimate the conservation value of the Woopo Wetland, Ramsar site, in Korea. The CV survey was rigorously designed to comply with the guidelines for best-practiced CV studies. Respondents overall accepted the hypothetical market and were willing to...

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Veröffentlicht in:Environment and development economics 2007-04, Vol.12 (2), p.323-328
Hauptverfasser: KWAK, SEUNG-JUN, YOO, SEUNG-HOON, LEE, CHUNG-KI
Format: Artikel
Sprache:eng
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Zusammenfassung:A contingent valuation (CV) method was performed to estimate the conservation value of the Woopo Wetland, Ramsar site, in Korea. The CV survey was rigorously designed to comply with the guidelines for best-practiced CV studies. Respondents overall accepted the hypothetical market and were willing to pay a significant amount (2,731 to 3,960 Korean won = USD 2.10 to 3.05), on average, per household annually to conserve the wetland. These findings have important implications for efforts to consider environmental quality in policy decisions.
ISSN:1355-770X
1469-4395
DOI:10.1017/S1355770X06003524