해양환경 위해성 평가 및 관리 기술개발사업의 경제성 분석

Translated title of the contribution: Economic Feasibility Analysis of Developing Marine Environmental Risk Assessment and Management Technology

Research output: Contribution to journalArticlepeer-review

Abstract

A project of developing marine environmental risk assesment and management technology was proposed to improve the level of marine environmental management research. This paper attempts to measure the non-market benefits of the project. To this end, the dichotomous choice contingent valuation method is used. In particular, recently proposed one and one-half bounded model is applied. The model can reduce the potential for response bias comparing to the double bounded model while maintaining much of its efficiency. Moreover, in order to deal with zero WTP observations, a spike model is adjusted for our data. A survey of randomly selected 600 households was implemented and the respondents were asked in person-to-person interviews about how they would be willing to pay for implementing the project. Respondents overall accepted the contingent market and were willing to contribute a significant amount (2,663 won), on average, per household per year. The aggregate value of the project in the nation amounts to approximately 46.3 billion won per year. The figure 2.16 of cost-benefit ratio shows that economic validity of this technical development.
Translated title of the contributionEconomic Feasibility Analysis of Developing Marine Environmental Risk Assessment and Management Technology
Original languageKorean
Pages (from-to)20-40
Number of pages21
Journal기술혁신학회지
Volume16
Issue number1
StatePublished - Mar 2013

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