Valuation of the Woopo Wetland in Korea: A contingent valuation study

Seung Jun Kwak, Seung Hoon Yoo, Chung Ki Lee

Research output: Contribution to journalArticlepeer-review

15 Citations (Scopus)

Abstract

A contingent valuation (CV) method was performed to estimate the conservation value of the Woopo Wetland, Ramsar site, in Korea. The CV survey was rigorously designed to comply with the guidelines for best-practiced CV studies. Respondents overall accepted the hypothetical market and were willing to pay a significant amount (2,731 to 3,960 Korean won = USD 2.10 to 3.05), on average, per household annually to conserve the wetland. These findings have important implications for efforts to consider environmental quality in policy decisions.

Original languageEnglish
Pages (from-to)323-328
Number of pages6
JournalEnvironment and Development Economics
Volume12
Issue number2
DOIs
Publication statusPublished - 2007 Apr

ASJC Scopus subject areas

  • Development
  • Environmental Science(all)
  • Economics and Econometrics

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