South Koreans' willingness to pay for Korean unification

Seung Hoon Yoo

doi:10.1080/1350485042000187408

South Koreans' willingness to pay for Korean unification

Seung Hoon Yoo

Dept. of Future Energy Convergence

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

This paper analyses the willingness to pay (WTP) of South Koreans for Korean unification. To deal with zero WTP responses given by a large number of people, a mixture model is used. The mean annual WTP for Korean unification is 5765 Korean won (GBP 2.88) per person. The aggregate value to South Koreans would then be 194.62 billion Korean won (GBP 97.31 million) annually.

Original language	English
Pages (from-to)	15-19
Number of pages	5
Journal	Applied Economics Letters
Volume	11
Issue number	1
DOIs	https://doi.org/10.1080/1350485042000187408
State	Published - 15 Jan 2004

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AB - This paper analyses the willingness to pay (WTP) of South Koreans for Korean unification. To deal with zero WTP responses given by a large number of people, a mixture model is used. The mean annual WTP for Korean unification is 5765 Korean won (GBP 2.88) per person. The aggregate value to South Koreans would then be 194.62 billion Korean won (GBP 97.31 million) annually.

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South Koreans' willingness to pay for Korean unification

Abstract

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