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@article{ART001355277},
author={Jung, Oh Hyun and Kim, Jae-Seog and Han Sang-Hyun},
title={Estimating Non-Market Valuation of Natural Tourism Resources(Taejongdae) using DB-DC Contingent Valuation Method},
journal={Journal of Tourism Sciences},
issn={1226-0533},
year={2009},
volume={33},
number={3},
pages={391-409}

TY - JOUR
AU - Jung, Oh Hyun
AU - Kim, Jae-Seog
AU - Han Sang-Hyun
TI - Estimating Non-Market Valuation of Natural Tourism Resources(Taejongdae) using DB-DC Contingent Valuation Method
JO - Journal of Tourism Sciences
PY - 2009
VL - 33
IS - 3
PB - The Tourism Sciences Society Of Korea
SP - 391
EP - 409
SN - 1226-0533
AB - This study is to evaluate the economic value of Taejongdae, a well known natural resources in Busan, using the Double-bounded dichotomous choice Contingent Valuation Method(CVM). Hanemann's methods were adopted to calculate willingness to pay. Previous researches in Korea had been investigated in order to find out an optimal CVM for the natural resources. Based on the previous researches, not only the relationship between the market scale and the population of the research object but also the variables which had influence on the total amount of willingness to pay were estimated. As a result, the variables which had an effect on the willingness to pay were as follows; the number of annual visit, the visit satisfaction for Taejongdae, the number of family, and the travel time. This study showed that the amount of willingness to pay for Taejongdae was 3,559 Korean Won per person per visit as a non-market value and whole annual non-market value was slightly over 40 million Korean won.
KW - Contingent valuation method Non-market value Double-bounded dichotomous choice model Natural tourist resources
DO -
UR -
ER -

Jung, Oh Hyun, Kim, Jae-Seog and Han Sang-Hyun. (2009). Estimating Non-Market Valuation of Natural Tourism Resources(Taejongdae) using DB-DC Contingent Valuation Method. Journal of Tourism Sciences, 33(3), 391-409.

Jung, Oh Hyun, Kim, Jae-Seog and Han Sang-Hyun. 2009, "Estimating Non-Market Valuation of Natural Tourism Resources(Taejongdae) using DB-DC Contingent Valuation Method", Journal of Tourism Sciences, vol.33, no.3 pp.391-409.

Jung, Oh Hyun, Kim, Jae-Seog, Han Sang-Hyun "Estimating Non-Market Valuation of Natural Tourism Resources(Taejongdae) using DB-DC Contingent Valuation Method" Journal of Tourism Sciences 33.3 pp.391-409 (2009) : 391.

Jung, Oh Hyun, Kim, Jae-Seog, Han Sang-Hyun. Estimating Non-Market Valuation of Natural Tourism Resources(Taejongdae) using DB-DC Contingent Valuation Method. 2009; 33(3), 391-409.

Jung, Oh Hyun, Kim, Jae-Seog and Han Sang-Hyun. "Estimating Non-Market Valuation of Natural Tourism Resources(Taejongdae) using DB-DC Contingent Valuation Method" Journal of Tourism Sciences 33, no.3 (2009) : 391-409.

Jung, Oh Hyun; Kim, Jae-Seog; Han Sang-Hyun. Estimating Non-Market Valuation of Natural Tourism Resources(Taejongdae) using DB-DC Contingent Valuation Method. Journal of Tourism Sciences, 33(3), 391-409.

Jung, Oh Hyun; Kim, Jae-Seog; Han Sang-Hyun. Estimating Non-Market Valuation of Natural Tourism Resources(Taejongdae) using DB-DC Contingent Valuation Method. Journal of Tourism Sciences. 2009; 33(3) 391-409.

Jung, Oh Hyun, Kim, Jae-Seog, Han Sang-Hyun. Estimating Non-Market Valuation of Natural Tourism Resources(Taejongdae) using DB-DC Contingent Valuation Method. 2009; 33(3), 391-409.

Jung, Oh Hyun, Kim, Jae-Seog and Han Sang-Hyun. "Estimating Non-Market Valuation of Natural Tourism Resources(Taejongdae) using DB-DC Contingent Valuation Method" Journal of Tourism Sciences 33, no.3 (2009) : 391-409.