Abstract
The Korean government is planning to remediate the contaminated soil at the site of a former U.S. camp. Policy-makers are demanding a figure on the public willingness to pay (WTP) for the remediation. Therefore, this paper describes an attempt to measure the public WTP, applying the contingent valuation (CV) method. To this end, a CV survey of 1,000 households in Korea was conducted in 2016. A one-and-one-half-bounded dichotomous choice question was used to derive the WTP responses, and a spike model was used to analyze zero WTP responses. The mean WTP was computed to be KRW 1,717 per household per year and statistically meaningful at the 1% level. Expanding the benefits to the entire national population gives the remediation a value of KRW 32.5 billion per year.
Translated title of the contribution | Public Willingness to Pay for Contaminated Soil Remediation in Dongducheon Camp-Castle |
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Original language | Korean |
Pages (from-to) | 165-181 |
Number of pages | 17 |
Journal | 환경정책 |
Volume | 25 |
Issue number | 2 |
DOIs | |
State | Published - Jun 2017 |