Measuring the economic benefits of protecting the Tong River in Korea: A Contingent Valuation study

Seung Hoon Yoo, Seung Jun Kwak

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)

Abstract

Whether or not to construct the Tong River Multi-purpose Dam, a large project that will adversely impact local people and the environment, has become quite a controversial issue in Korea. This paper applies a Contingent Valuation (CV) method to obtain a preliminary evaluation of the benefits of protecting the river. A CV survey of Korean households was conducted to estimate their willingness to pay for preserving instream flows in the Tong River and avoiding the dam. Overall, respondents were willing to contribute a significant amount, on average, per household. This willingness varies according to individual characteristics.

Original languageEnglish
Pages (from-to)142-158
Number of pages17
JournalInternational Journal of Environment and Pollution
Volume39
Issue number1-2
DOIs
Publication statusPublished - 2009 Jul

Keywords

  • CV
  • Contingent valuation
  • Korea
  • Tong River
  • WTP
  • Willingness to pay

ASJC Scopus subject areas

  • Waste Management and Disposal
  • Pollution
  • Management, Monitoring, Policy and Law

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