상관 다기능 저류지 조성의 경제적 편익 평가(I): 환경개선용수 공급편익을 중심으로

Translated title of the contribution: Assessment of Economic Value of Sangkwan Multi-Purpose Reservoir (I): Benefits of Environmentally-Enhancing Water

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Abstract

This study attempts to estimate the benefits of environmentally-enhancing water ensuing from Sangkwan multi-purpose reservoir. To this end, we apply a survey technique, the contingent valuation (CV) method to elicit the public willingness to pay (WTP). Two CV surveys of randomly selected households were administrated to on-site and off-site areas. As it happens, a number of respondents reported zero WTPs for the environmentally- enhancing water. To deal with the zero WTPs, this study employs a spike model. The results show that average household's WTP for the environmentally-enhancing water ensuing from Sangkwan multi-purpose reservoir is estimated to be 1,393.7 won for on-site area and 2,237.7 won for off-site area per year. The benefits of environmentally-enhancing water ensuing from Sangkwan multi-purpose reservoir amount to about 38.3 billion won per year. Our findings are expected to contribute to determining an appropriate level of investment and making management policies with regard to the benefits of environmentally-enhancing water.
Translated title of the contributionAssessment of Economic Value of Sangkwan Multi-Purpose Reservoir (I): Benefits of Environmentally-Enhancing Water
Original languageKorean
Pages (from-to)989-995
Number of pages7
Journal한국수자원학회 논문집
Volume46
Issue number10
DOIs
StatePublished - Oct 2013

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