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 journalArticle

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 1

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contingent valuation
Rivers
Dams
Economics
dam
economics
river
instream flow
willingness to pay
measuring
household

Keywords

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

ASJC Scopus subject areas

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

Cite this

Measuring the economic benefits of protecting the Tong River in Korea : A Contingent Valuation study. / Yoo, Seung Hoon; Kwak, Seung-Jun.

In: International Journal of Environment and Pollution, Vol. 39, No. 1-2, 01.07.2009, p. 142-158.

Research output: Contribution to journalArticle

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