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A platform for research: civil engineering, architecture and urbanism
Measuring the economic benefits of the Youngsan River Restoration Project in Kwangju, Korea, using contingent valuation
This study examines the economic benefits of a river restoration project in the Youngsan River, Kwangju, Korea, using a contingent valuation method. It employs a spike model to address the high proportion of zero responses. The results indicate that a household's annual mean willingness to pay is KRW3410 in Kwangju and KRW1744 in other regions. The resulting benefit-cost ratio is 2.29, indicating that the project would be socially profitable, and that households appear willing to support it financially.
Measuring the economic benefits of the Youngsan River Restoration Project in Kwangju, Korea, using contingent valuation
This study examines the economic benefits of a river restoration project in the Youngsan River, Kwangju, Korea, using a contingent valuation method. It employs a spike model to address the high proportion of zero responses. The results indicate that a household's annual mean willingness to pay is KRW3410 in Kwangju and KRW1744 in other regions. The resulting benefit-cost ratio is 2.29, indicating that the project would be socially profitable, and that households appear willing to support it financially.
Measuring the economic benefits of the Youngsan River Restoration Project in Kwangju, Korea, using contingent valuation
Lee, Joo-Suk (author)
Water International ; 37 ; 859-870
2012-11-01
12 pages
Article (Journal)
Electronic Resource
English
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