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

Seung Jun Kwak; Seung Hoon Yoo; Chung Ki Lee

doi:10.1017/S1355770X06003524

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

Seung Jun Kwak, Seung Hoon Yoo, Chung Ki Lee

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

21 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 language	English
Pages (from-to)	323-328
Number of pages	6
Journal	Environment and Development Economics
Volume	12
Issue number	2
DOIs	https://doi.org/10.1017/S1355770X06003524
Publication status	Published - 2007 Apr

ASJC Scopus subject areas

Development
General Environmental Science
Economics and Econometrics

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

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