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Public's willingness to pay for preventing climate change
- Authors
- Lee, Joo-Suk; Yoo, Seung-Hoon; Kwak, Seung-Jun
- Issue Date
- 2010
- Publisher
- ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
- Citation
- APPLIED ECONOMICS LETTERS, v.17, no.6, pp.619 - 622
- Indexed
- SSCI
AHCI
SCOPUS
- Journal Title
- APPLIED ECONOMICS LETTERS
- Volume
- 17
- Number
- 6
- Start Page
- 619
- End Page
- 622
- ISSN
- 1350-4851
- Abstract
- In order to develop the proper policies for preventing climate change, it is necessary to know the public preference for preventing climate change. This study attempts to analyse public Willingness To Pay (WTP) for preventing climate change by applying a Contingent Valuation (CV) method. The estimated mean WTP per household per month in Seoul, Korea, is about 3326 Korean won (approximately GBP 1.60).
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