• Environmental and Resource Economics Review
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• v.15 no.5
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• pp.859-884
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• 2006

This study attempts to apply a conjoint analysis, especially using choice experiment, to quantify the economic benefits of health effects(mortality by lung cancer, asthma, acute bronchitis, chronic bronchitis) on air quality improvement in Seoul and Metropolitan area. The yearly willingness to pay for the highest improvement level which is available is estimated as 38,856 won per household. The aggregated value of Seoul and Metropolitan area is measured as 252.8 billion won annually. The quantitative result provided in this study can be usefully employed in policy-making process related to air pollution. Especially, it provides a methodological framework to estimate the benefits for various alternatives in health effects.

• Environmental and Resource Economics Review
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• v.16 no.4
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• pp.873-900
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• 2007

Non-market valuation studies tend to assume that individual households have homogeneous preferences for a non-market good to value. However, since the preferences for non-market goods, especially environmental goods are more likely to be heterogeneous by nature, it may be more appropriate to assume heterogeneous preferences for non-market goods, which may in turn may lead to reduced biases in the WTP estimation. This study investigate the extent to which individual households have heterogeneous preferences for reduced concentrations of radon, a radioactive indoor air pollutant, for road safety, and for nuclear power safety. We also analyze the effect of heterogeneity assumption on the results of model and WTP estimation. Using the choice experiments and mixed logit models, we found that allowing for heterogeneous preferences improved model fitness and that there existed heterogeneous preferences for both reduced radon concentration and road safety, albeit not for nuclear power safety. The mean WTP for reduced radon concentrations and road safety increased by factors of 2.44 and l.74 respectively with the models allowing for heterogeneous preferences.

• Proceedings of the Korea Water Resources Association Conference
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• 2008.05a
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• pp.575-582
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• 2008

다목적댐의 레크레이션 편익은 수자원 관리 측면에서 매우 중요한 요소이다. 그러나, 레크레이션 편익의 중요성에도 불구하고 이에 대한 충분한 고려없이 댐의 관리와 다목적댐에 대한 평가가 이루어진 결과 경쟁적인 물의 용도간 부적정한 유량배분의 결과를 초래하고 있었다. 최근 비록 시범적이지만 하천의 환경개선을 위해 다목적댐의 flusing 방류가 이루어지고 잇는 점도 댐의 기능이 점차 확장되어 가고 있음을 보여주고 있다. 다목적댐의 레크레이션 편익에 대한 인식은 효율적인 수자원 관리뿐만 아니라 레크레이션 이외의 다목적댐의 다른 용도의 진실된 가치 및 효율성을 확보하기 위해 어떻게 효율적으로 시간의 흐름에 따라 다목적댐의 저수(貯水)가 방류되어야 하는지에 대한 이해로 연결된다. 다목적댐의 레크레이션 편익 측정은 댐의 역할에 대한 진정한 평가가 될 수 있으며 그동안 간과되어 왔던 댐 건설로 인해 가능하게 된 레크레이션 기회를 가치화하는 시도가 될 수 있다. 본 연구는 조건부가치측정법(Contingent Valuation Method, CVM)을 이용하여 서울과 춘천지역을 대상으로 표본에 대한 설문조사와 함께 집중그룹인터뷰(Focus Group Interview, FGI)를 통해 소양강댐의 레크레이션 편익을 측정하였다. 서울은 소양강댐의 하류지역에 위치하면서 일반적으로 소양강댐의 건설로 인해 가장 큰 혜택을 누리는 지역이며 춘천지역은 소양강댐의 주변지역으로 소양강댐의 건설로 인해 가장 많은 피해를 입는 지역으로 여겨지고 있어 양 지역에서 느끼는 소양강댐에 대한 인식은 매우 독특할 것이라는 기대와 함께 댐으로 인한 레크레이션은 댐 저수지뿐만 아니라 댐 하류 하천 전체에 걸쳐 이루어지기 때문에 댐 저수지 지역인 춘천과 댐 하류지역인 서울을 대상지역으로 삼았다. 4개의 시나리오를 적용한 결과 소양강댐의 연간 레크레이션 편익은 235억원$\sim$913억원으로 추정되어 소양강댐의 주요 기능인 용수공급이나 발전에 따른 편익과 비교할 때도 결코 작지 않은 편익을 보여주고 있다. 아울러, 일반적으로 댐 건설로 인한 피해자로 인식되고 있는 하천의 상류지역인 댐 주변지역에 거주하는 사람들의 지불의사액(Willingness to Pay, WTP)이 댐의 수혜자로 인식되는 하류지역에 거주하는 사람들의 WTP보다 크다는 것과 댐 주변지역에 거주하는 사람들은 댐에 대하여 양 극단적인 태도, 즉 강한 애착과 강한 반감을 함께 보이는 것으로 나타났다. 본 연구는 레크레이션 기능이 댐의 주요 기능으로 고려되어야 하는 가에 대한 해답을 줄 수 있는데, 그동안 댐의 레크레이션 편익 측정을 어렵게 하였던 댐의 레크레이션 편익의 개념화를 통해 편익이 측정 가능하며 소양강댐의 경우 다른 목적의 물 사용 용도보다 편익이 클 수 있기 때문에 향후 다목적댐의 주요 기능을 확장할 필요성을 보여준다. 또한, 레크레이션 편익을 어떻게 내재화(內在化)하여야 하는지에 대한 향후 연구의 필요성도 제기한다.

• Journal of Korean Library and Information Science Society
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• v.42 no.2
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• pp.323-341
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• 2011

In this study, the factor that affect use value of domestic public library was analysed. This study try to grasp the effect of various variables such as characteristics of the respondent and library through the measurement using CVM that extract the value by the user's statement. For this purpose, effective variables identified in the value measurement study of domestic and foreign public library was grasped and characteristics of the effective variables presented in the study examined. The factor influenced WTP representing library's value are the demographic characteristics such as gender, income, age and the using pattern such as frequency of use, time to visit. As to user's satisfaction and recognition, the recognition about librarian's satisfaction, place for resident's exchange, degree of financial support, culture-art volunteers are affecting depending on the service such as information, facilities and programs. The study comprehensively analysed the impact on the value measured by all types of public library in the nation and provided the information about property of value assessed by user according to region and scale. This information is expected to help the strategic policy making to enhance the value of library in the future.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.12 no.10
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• pp.4328-4336
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• 2011

The aim of this study is to find changes of the attributes that influence the purchase of cut roses during recent five years(2007~2011) and suggest some implications on ways to promote cut roses marketing. For this purpose, a survey was conducted through the Internet among 1,100 randomly chosen people living in Seoul, Inchon and Gyeonggi Province in 2011. A total of 1,023 valid replies were received for the analysis of the survey which was carried out by the subsidiary consulting firm. The survey panels and estimation models to analyze changes of consumers' preference attributes during recent five years are same to them of Kim, et al.(2007). That is, empirical analysis tools such as ordered probit model, multinomial logit model, and conjoint analysis were used according to Kim, et al.(2007). This paper suggests several policy implications to set up the target market of cut roses and marketing mix strategy to specify the best 4P(product, price, place and promotion).

• Journal of Korean Society for Quality Management
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• v.44 no.4
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• pp.833-843
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• 2016

Purpose: The purpose of this study is to evaluate the value of smart home service using contingent valuation method that is the method evaluating the value of service which will be provided in the future. Using this method, this study suggests proper price and market value of smart home service through figuring out customer's willingness to pay. Methods: To estimate willingness to pay for smart home service, this study uses double bounded dichotomous choice question. The survey was conducted for 2 months from December in 2015 to February in 2016. A total of 269 copies were used to estimate through R-programming. Results: The results of this study are as follows; Gender(especially woman), income, proposed price are the factors which affecting willingness to pay. As the result of this study, average price of willingness to pay for smart home service estimates as \29,653. Comparing with high-speed internet bundling service fee, this estimated price for smart home service is appropriate level for customers to accept. Conclusion: This study estimates consumer's willingness to pay for smart home service which is in the market entry stage. In corporate side, this study might be meaningful for estimating investment scale and profit. Also it could provide basis for establishing strategic policy to develop smart home service market in government side.

• Journal of the Korean Society for Library and Information Science
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• v.48 no.1
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• pp.329-343
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• 2014

This research investigated the effects of university library users' use patterns and their recognition of service benefits on the magnitude of service value assessments derived from users' statements using contingent valuation method (CVM). Library users' use patterns were operationalized by the number of library visits, library website visit counts and the degree of dependence on their own libraries. User benefits variables were measured by the level of satisfaction on the benefits of library use for teaching & instruction, research & writings, and employment & external activities. University library services were divided into circulation, journal articles (domestic & foreign), reference service, user education, reading room service and WTPs for each service were measured. The results from hypotheses testing show that the number of library visits affect WTP amounts for circulation, foreign article use, reference service and user education. The degree of library dependence seems to affect WTP amounts for circulation and user education. With regards to the hypotheses related to the recognition of library service benefits, the degree of satisfaction for teaching & instruction benefits seems to affect WTP amounts for reading room use.

• Environmental and Resource Economics Review
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• v.16 no.3
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• pp.701-721
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• 2007

A key issue in the development and application of stated preference nonmarket valuation is the incorporation of unobserved heterogeneity in utility models. Two approaches to this task have dominated. The first is to include individual-specific characteristics into the estimated indirect utility functions. These characteristics are usually socioeconomic or demographic variables. The second employs generalized models such as random parameter logit or probit models to allow model parameters to vary across individuals. This paper examines a third approach: the inclusion of psychological or 'latent' variables such as general attitudes and behaviour-specific attitudes to account for heterogeneity in models of stated preferences. Attitudinal indicators are used as explanatory variables and as segmentation criteria in a choice modelling application. Results show that both the model significance and parameter estimates are influenced by the inclusion of the latent variables, and that attitudinal variables are significant factors for WTP estimates.

• Asia-Pacific Journal of Business
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• v.1 no.1
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• pp.23-40
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• 2010

This article estimates the total evaluation of the festival and investigates the determinants of visitors' WTP(willingness to pay) for the festival. Hi Seoul Festival is a way to introduce Korean culture to other foreigners as well as to serve as an economic and cultural stimulus for Seoul. A contingent evaluation survey was conducted and a total of 763 useful samples were collected. The results show that the evaluation of the festival were different across three different WTPs which were calculated as 2,846 won, 3,321 won, and 4,838 won. The annual total benefits value is calculated as 433.767 billion Korean won. And visitors' sex and visitors' satisfaction(keep up festival, need to modify) was a important determinants of the WTP for a visit. These findings may provide guidance managers and practitioners who help maintain the Hi festival.

• Informatization Policy
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• v.17 no.3
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• pp.57-73
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• 2010

The objective of this study is to assess the economic impacts that ensue from the ubiquitous spectrum monitoring project(u-SMP) by employing a contingent valuation method(CVM) to provide policy-makers with useful and responsible information. Importance of investigating the u-SMP service and its economic desirability cannot be overemphasized to actively cope with varying environment for spectrum use in that the spectrum monitoring contributes to the public welfare. According to estimating results, annually WTP per household is 1,268 Korean Won. Consequently, the annual benefit of u-SMP is about 7.9 billion Korean won. This result contributes to robust policy-makings for the u-SMP, to uncovering the economic value of the u-SMP, and to obtaining policy implications for activating the spectrum use.