@article{ART000919022},
author={Kim， Hakyong and Seongseop Kim},
title={Estimating the Use Value of Hwaseong Castle: A Contingent Valuation Approach},
journal={Journal of Tourism Sciences},
issn={1226-0533},
year={2003},
volume={27},
number={3},
pages={157-172}

TY - JOUR
AU - Kim， Hakyong
AU - Seongseop Kim
TI - Estimating the Use Value of Hwaseong Castle: A Contingent Valuation Approach
JO - Journal of Tourism Sciences
PY - 2003
VL - 27
IS - 3
PB - The Tourism Sciences Society Of Korea
SP - 157
EP - 172
SN - 1226-0533
AB - Using a Contingent Valuation Method(CVM). authors estimate the economic value of Hwaseong Castle, one of the registered World Heritages located in Suwon City, south of Seoul.The data collected from a dichotomous choice were constructed by the logit model analysis. The willingness-to-pays derived from each model were compared to those obtained by a non-parametric approach to decide which model was suitable in estimating the use value of Hwaseong. The derived WTP was used to estimate the use value of Hwaseong. Use value of Hwaseong was estimated around 7.8 billion Won, an average of about 4,260 won per visitor. On the basis of these heritage calculation, one may consider differential admission fee policy.
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DO -
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Kim， Hakyong and Seongseop Kim. (2003). Estimating the Use Value of Hwaseong Castle: A Contingent Valuation Approach. Journal of Tourism Sciences, 27(3), 157-172.

Kim， Hakyong and Seongseop Kim. 2003, "Estimating the Use Value of Hwaseong Castle: A Contingent Valuation Approach", Journal of Tourism Sciences, vol.27, no.3 pp.157-172.

Kim， Hakyong, Seongseop Kim "Estimating the Use Value of Hwaseong Castle: A Contingent Valuation Approach" Journal of Tourism Sciences 27.3 pp.157-172 (2003) : 157.

Kim， Hakyong, Seongseop Kim. Estimating the Use Value of Hwaseong Castle: A Contingent Valuation Approach. 2003; 27(3), 157-172.

Kim， Hakyong and Seongseop Kim. "Estimating the Use Value of Hwaseong Castle: A Contingent Valuation Approach" Journal of Tourism Sciences 27, no.3 (2003) : 157-172.

Kim， Hakyong; Seongseop Kim. Estimating the Use Value of Hwaseong Castle: A Contingent Valuation Approach. Journal of Tourism Sciences, 27(3), 157-172.

Kim， Hakyong; Seongseop Kim. Estimating the Use Value of Hwaseong Castle: A Contingent Valuation Approach. Journal of Tourism Sciences. 2003; 27(3) 157-172.

Kim， Hakyong, Seongseop Kim. Estimating the Use Value of Hwaseong Castle: A Contingent Valuation Approach. 2003; 27(3), 157-172.

Kim， Hakyong and Seongseop Kim. "Estimating the Use Value of Hwaseong Castle: A Contingent Valuation Approach" Journal of Tourism Sciences 27, no.3 (2003) : 157-172.