Ocean and Polar Research

Korea Institute of Ocean Science & Technology (한국해양과학기술원)
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Measuring the Scientific Benefits from the Deep-sea Human-operated Vehicle Project: A Choice Experiment Study

선택실험법을 이용한 심해 유인잠수정 개발사업의 과학기술적 경제적 편익추정

  • Jin, Se-Jun (Graduate School of Energy and Environment, Seoul National University of Science and Technology) ;
  • Lim, Seul-Ye (Graduate School of Energy and Environment, Seoul National University of Science and Technology) ;
  • Park, Se-Hun (Ocean Policy Institute, KIOST) ;
  • Yoo, Seung-Hoon (Graduate School of Energy and Environment, Seoul National University of Science and Technology)
  • 진세준 (서울과학기술대학교 에너지환경대학원) ;
  • 임슬예 (서울과학기술대학교 에너지환경대학원) ;
  • 박세헌 (한국해양과학기술원 해양정책연구소) ;
  • 유승훈 (서울과학기술대학교 에너지환경대학원)
  • Received : 2014.05.20
  • Accepted : 2014.08.31
  • Published : 2014.09.30
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Abstract

The Korean government is considering the implementation of a project to develop a deep-sea human-operated vehicle (HOV) to improve the level of deep-sea research. Information on the scientific benefits from the project is urgently needed in order to come to a decision about whether to implement the project. This paper measures the conservation value of developing nine attributes associated with HOV by using the choice experiment (CE). A survey of about 356 experts was undertaken and 132 experts completely responded to the survey. To deal with the CE data from the survey, we employed a multinomial logit model. All the coefficient estimates are statistically significant and consistent with prior expectations. Therefore, we can judge that the respondents' works required in the CE survey were within their cognitive abilities and they reported responsible and significant values. Each marginal willingness to pay for each attribute associated with the HOV is statistically significant and provides good information on the scientific values with regard to developing the HOV. The results can be utilized in evaluating and planning several alternatives related to developing the HOV.

Keywords

References

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