A constructive approach to air-quality valuation in Korea

Seung-Jun Kwak, S. H. Yoo, T. Y. Kim

Research output: Contribution to journalArticle

17 Citations (Scopus)

Abstract

This paper uses a new constructive contingent valuation approach, based on the value-structuring capabilities of multi-attribute utility theory (MAUT) to help respondents construct and express environmental value judgments in monetary terms. The MAUT approach adopts a 'decomposition' procedure, which seems to be more in harmony with the constructive nature of human values and the coping strategies of respondents dealing with complexity. We provide an application of the approach in a survey of random population samples, where we seek valuation of specific damages due to air pollution in Seoul, Korea, a developing country where the economic valuation of environmental impacts remains scarce. A discussion of the results is also presented. The overall results show that although empirical evidence is sparse, there appears to be considerable scope for the use of the approach in environmental valuations.

Original languageEnglish
Pages (from-to)327-344
Number of pages18
JournalEcological Economics
Volume38
Issue number3
DOIs
Publication statusPublished - 2001 Oct 1

Fingerprint

ecological value
air quality
valuation
Korean Peninsula
coping strategies
contingent valuation
air pollution
economic valuation
developing countries
environmental impact
coping strategy
environmental values
degradation
atmospheric pollution
developing world
decomposition
sampling
damage
Air quality
Korea

Keywords

  • Air quality
  • Constructive approach
  • Contingent valuation
  • Multi-attribute utility theory

ASJC Scopus subject areas

  • Ecology, Evolution, Behavior and Systematics
  • Economics and Econometrics
  • Ecology

Cite this

A constructive approach to air-quality valuation in Korea. / Kwak, Seung-Jun; Yoo, S. H.; Kim, T. Y.

In: Ecological Economics, Vol. 38, No. 3, 01.10.2001, p. 327-344.

Research output: Contribution to journalArticle

Kwak, Seung-Jun ; Yoo, S. H. ; Kim, T. Y. / A constructive approach to air-quality valuation in Korea. In: Ecological Economics. 2001 ; Vol. 38, No. 3. pp. 327-344.
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