Valuing environmental impacts of large dam construction in Korea: An application of choice experiments
- Authors
- Han, Sang-Yong; Kwak, Seung-Jun; Yoo, Seung-Hoon
- Issue Date
- 5월-2008
- Publisher
- ELSEVIER SCIENCE INC
- Keywords
- environmental impacts; dam construction; choice experiment approach; willingness-to-pay; multinomial logit model
- Citation
- ENVIRONMENTAL IMPACT ASSESSMENT REVIEW, v.28, no.4-5, pp.256 - 266
- Indexed
- SCIE
SCOPUS
- Journal Title
- ENVIRONMENTAL IMPACT ASSESSMENT REVIEW
- Volume
- 28
- Number
- 4-5
- Start Page
- 256
- End Page
- 266
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/123646
- DOI
- 10.1016/j.eiar.2007.07.001
- ISSN
- 0195-9255
- Abstract
- This paper measures economic value of multiple environmental impacts of large dam construction as a case study of Korea, using a choice experiment approach. The choice works which consider trade-offs between price and environmental attributes for selecting a preferred option were within respondents' ability, and the marginal willingness-to-pay estimates across the two models were statistically significant. Especially, adding covariates does not significantly change the marginal willingness-to-pay estimates for each attribute. Monthly willingness-to-pay of the typical household for mitigating environmental impacts by large dam construction from the status quo to the highest attribute level is calculated as about 2542 Korean Won (US $ 2.12) and the total willingness-to-pay for the entire population of the study area is annually about 209.9 billion Korean Won (US $ 174.9 million). This study allows us to provide policy-makers with quantitative information that can be useful in the cost-benefit analysis related to large dam construction projects. (c) 2007 Elsevier Inc. All rights reserved.
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