• Title/Summary/Keyword: WTP Model

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A Mixture Model in SBDC Contingent Valuation (CVM모형에서의 영의 응답자료 처리 - 혼합모형을 이용하여 -)

  • Cho, Seung-Kuk;Kwak, Seung-Jun;Yoo, Seung-Hoon
    • Environmental and Resource Economics Review
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    • v.12 no.3
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    • pp.453-467
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    • 2003
  • Approximating a WTP distribution of the conservation for Hallyue Marine National Park is complicated by zero observations in the sample. To deal with the zero observations, a mixture model is considered to allow a point mass at zero. The model is empirically verified for the data. The conventional model and a spike model are also considered for comparison. Our results portrays the usefulness of the mixture model to analyze SBDC data with zero observations.

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Valuation of Nonmarketed Goods: WTP and Part-Whole Bias in CV Studies (비시장재의 가치평가 : WTP의 추정과 부분-전체 편의의 검토)

  • 박용치
    • Survey Research
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    • v.3 no.1
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    • pp.1-24
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    • 2002
  • Part-whole bias in contingent-valuation studies is a possible explanation for non-use contingent-valuation estimates that are insensitive to marginal changes in environmental commodities. To increase the quality of river water, it is tested how much WTP is paid and is tested whether there is a part-whole bias in this contingent studies. An empirical test of the component sensitivity is provided. This test rejects the hypothesis that respondents are insensitive to the scope of the good being valued. WTP estimated in this paper is 5,435.69 won for Hangang model, and 7,182.68 won for 4-river model. And it might be concluded that part-whole bias exists and it is mainly attributed to substitution and net-benefit effects.

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Measuring benefits of providing water for environmental improvement in Daechi-stream and Ji-stream

  • Hong, Seungjee
    • Korean Journal of Agricultural Science
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    • v.43 no.2
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    • pp.275-287
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    • 2016
  • This study attempts to estimate the benefits of using water ensuing from the Chilgap multipurpose reservoir for environmental improvement. The contingent valuation method (CVM) was used to elicit the willingness to pay (WTP) for providing environmental improvement water from the Chilgap reservoir to Daechi-stream and Ji-stream. The DCDB (double-bound dichotomous choice) survey method was used to collect data for the analysis. Due to the usually high cost of increasing the sample size, the use of follow-up questions was implemented as an inexpensive method of improving the efficiency of the estimation. A spike model was used in this study because a number of respondents showed zero WTP. The spike model can be estimated as easily as the conventional model. Results show that the average annual household's WTP is 4,516 won using the conventional model and 8,644 won using the spike model. Applying the estimated average annual household's WTP to the Chungnam and Daejeon regional levels, the benefits of environmental improvement water from the Chilgap reservoir is estimated at 11.9 billion won per year. The temporal benefits of providing water for environmental improvement, for a 50-year period at a 6.0% discount rate, is estimated at about 190 billion won in the Chungnam and Daejeon areas. These results could be useful especially when the government tries to determine an appropriate level of investment and to make a policy related to providing environmental improvement water.

Estimation of Willingness to Pay for Reduction of Environmental Mortality Risk (환경오염으로 인한 위해도 감소에 대한 지불의사금액 추정에 관한 연구)

  • 김예신;이용진;박화성;남정모;김진흠;신동천
    • Environmental Analysis Health and Toxicology
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    • v.18 no.1
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    • pp.1-13
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    • 2003
  • To estimate the annual WTP for risk reduction of environmental problems such as outdoor and indoor air pollution, and drinking water contamination, a questionnaire survey was conducted by dichotomous contingent valuation method in Seoul. Several covariate models based on Turnbull, Weibull and Spike models were developed and applied to WTP estimation with uncertainty analysis. WTP estimates for risk reduction of air pollution were 13,000 won, 12,000 won, and 10,000 won per month in low-bounded Turnbull, Weibull and Spike models, respectively. The estimates for indoor air pollution were 17,000 won,20,000 won and 21,000 won and these for drinking water contamination were 10,000 won, 13,000 won and 14,000 won in each model, respectively. Goodness of fit for Weibull model was better than those for other models. WTP estimates for indoor air pollution were higher than those for other pollution problems.

Valuation of Willingness to Pay for Forest Fire Prevention (산불 예방(豫防)을 위한 지불의사금액(支拂意思金額) 평가(評價))

  • Kim, Seong Il;Hong, Sung Kwon;Kim, Jae Jun;Kim, Tong Il
    • Journal of Korean Society of Forest Science
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    • v.90 no.4
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    • pp.573-581
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    • 2001
  • The purposes of this study are to estimate mean willingness to pay (WTP) for preventing forest fires by contingent valuation method (CVM), and to calibrate the variables affecting WTP. The forest fire prevention fund was utilized as a payment vehicle to elicit respondents' willingness to pay (WTP). A total of 500 adults who reside in Seoul Metropolitan area were selected by two-stage cluster sampling and conducted the face-to-face interview. The scenario was designed to meet the requirements for double-bounded dichotomous choice CVM. More than half of the respondents (64.6%) have a willing to pay for the fund. The mean WTP was \4,532. Therefore a total WTP for the population was \34,165,758,000. The calibration of Weibull proportional hazard model showed that education level, environmental conservation intention and negative consciousness about the effect of forest fire were independent variables strongly influencing the WTP.

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Measuring Economic Value for Endangered Korean Goral

  • Han, Sang-Yoel
    • Journal of Korean Society of Forest Science
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    • v.97 no.5
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    • pp.525-529
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    • 2008
  • The purpose of this paper is to examine willingness to pay (WTP) for endangered species, the Korean goral, of Woraksan National Park in South Korea. The median of the WTP is adopted to estimate the value because it will not be affected by the extreme values. The estimated household median WTP using a logit model for Korean goral conservation in Woraksan National Park was 15,221 won. The estimated value of the WTP in relation to the Korean goral has some policy implications. especially in terms of implementing policy to protect the Korean goral. The result shows that the public conservation program does have a positive WTP for the conservation of the Korean goral. This implies that the Korean goral is an important species that needs to be maintained, the government has been expended a large sum of money in an attempt to protect it.

하수처리장 방류수에 용존된 무기화학종의 연속계측자료를 이용한 하천유량, 유속 및 방류량 추적

  • Kim, Gang-Ju;Han, Chan
    • Proceedings of the Korean Society of Soil and Groundwater Environment Conference
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    • 2001.04a
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    • pp.3-6
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    • 2001
  • Various Parameters such as stream velocities, discharges, and dispersion coefficients of dissolved solutes were estimated by fitting 1-D nonreactive solute transport model to the time-series chemistry data. This study was done for the reaches of Mankyung River lower than the Jeonju Wastewater Treatment Plant (Jeonju WTP). Korea. Concentrations of inorganic chemicals in the stream waters are strongly influenced by mixing with the chemically distinct effluent from Jeonju WTP. Sulfate, EC. and the total major cation were proved to be nearly conservative in the study area front their relationships with chloride, the conservative chemical species. The solute transport model was constrained to the time-series concentrations for these 4 conservative species. The variations of concentration and discharge of Jeonju WTP were used as input parameters, and the stream velocities, dispersion coefficients, and concentrations and discharges of some inflows were optimized. The differences between the observed arid simulated values for alkalinities and nitrates are inversely correlated and show diurnal fluctuations, indicating the photosynthesis. The parameters obtained front this mode] range from 550 to 774 kcmd (stream discharge at the outlet of the study area), from 0.06 to 0.10 m/sec (flow velocity), and from 0.7 to 6.4 m$^2$/sec (dispersion coefficient). The history of Jeonju WTP discharge was well predicted when optimized, indicating the validity of the model results.

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Analysis of Consumers' Willingness to Pay for Organic Agricultural Products Using Parametric Survival Model (모수적 생존모형을 이용한 유기농산물의 지불의향 가격 분석)

  • Kim, Chang-Gil;Koo, Ja-Choon;Jeong, Hak-Kyun
    • Korean Journal of Organic Agriculture
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    • v.24 no.2
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    • pp.169-188
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    • 2016
  • The purpose of this study is to analyze willingness to pay (WTP) for organic agricultural products. To accomplish the objective of the study, a consumer survey was conducted. Based on the pilot survey results, parametric survival model was used to analyze the WTP for organic products. The estimation results showed that the WTP for organic agricultural products is 1.4-fold when compared with the conventional products, which is lower than the current price by about 30 percent. The analytical results also showed that such variables as gender, recognitions for organic agricultural products, and consumers' income have very significant effects on the WTP, and that there are no differences among WTPs by consumption goals. Based on major findings, the most effective countermeasure was suggested for expanding of organic food consumption through the premium reduction of organic products. Reducing the costs of production and distribution, supporting farmers' income by direct payment system were presented. Furthermore, it is needed to allocate more budget for promoting the consumption and distribution of organic agricultural products, and for enhancing conservation of agricultural environment.

Determinants of Willingness To Pay for Personal Information Protection (개인정보 보호를 위한 지불의사비용 결정요인)

  • You, Seung Dong;Yoo, Jinho
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.24 no.4
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    • pp.695-703
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    • 2014
  • This paper studies the determinants of willingness to pay (WTP) for preventing personal information infringement. Most of previous studies only estimate the value of the WTP and, unlike them, this paper discusses personal information as an information good. Using a double-bounded dichotomous choice model, this paper empirically analyses the personal characteristics that determine the WTP for the protection of personal information. It contributes to the literature by proposing that gender, working status and communication cost are determinants for the WTP for the protection of personal information.

Implementation and Performance Evaluation of the Wireless Transaction Protocol Using UML/SDL (UML과 SDL을 이용한 무선 트랜잭션 프로토콜의 구현과 성능 평가)

  • 정호원;임경식
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.27 no.11C
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    • pp.1064-1073
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    • 2002
  • In this paper, we design and implement the Wireless Transaction Protocol (WTP) proposed by the Wireless Application Protocol (WAP) forum using a protocol development tool, SDL Development Tool (SDT). And we conduct a comparative performance evaluation of the WTP implementation with other three implementations that are based on different implementation models respectively: the server model, the coroutine model, and the activity-thread model. To implement WTP, we first use Unified Modeling Language (UML) for analyzing the protocol requirement and defining the protocol engine architecture. Next, we use Software Development Language (SDL) to design the protocol engine in details and then generate the WTP implementation automatically with the aid of SDT The code size of the WTP implementation generated by SDT is 62% larger than the other three implementations. However, its throughput and system response time for transaction processing is almost equal to the other three implementations when the number of concurrent clients is less than 3,000. If more than 5,000 concurrent clients tries, the transaction success rate abruptly decreases to 10% and system response time increases to 1,500㎳, due to the increased protocol processing time. But, it comes from the fact that the load overwhelms the capacity of the PC resource used in this experimentation.