Nonmarket values of major resources in the Korean DMZ areas: a test of distance decay

Choi, Andy S. (2013) Nonmarket values of major resources in the Korean DMZ areas: a test of distance decay. Ecological Economics, 88 97-107. doi:10.1016/j.ecolecon.2013.01.014


Author Choi, Andy S.
Title Nonmarket values of major resources in the Korean DMZ areas: a test of distance decay
Journal name Ecological Economics   Check publisher's open access policy
ISSN 0921-8009
1873-6106
Publication date 2013-04-01
Sub-type Article (original research)
DOI 10.1016/j.ecolecon.2013.01.014
Volume 88
Start page 97
End page 107
Total pages 11
Place of publication Amsterdam, Netherlands
Publisher Elsevier
Collection year 2014
Language eng
Abstract The Demilitarised Zone (DMZ) and its adjoining areas serve not only as a geopolitical buffering zone between North and South Korea, but also as rare refuges for various animals and plants. This paper investigates conservation values of major DMZ resources and comparatively tests distance decay between contingent valuation and choice modelling. The overall conservation value for the DMZ resources per person as one-off payments was $9.06 or $34.97, respectively from the CVM and CM datasets. Research findings deny distance decay regardless of elicitation methods when the distance variable is parameterised as part of utility functions. Conversely, a segmentation-valuation approach demonstrates conflicting conclusions on distance decay and the WTP anomaly between users and non-users depending on elicitation methods. The CM results demonstrate that protection of the DMZ resources might be less important and attractive to local populations than to those in the distant regions. A direct cross-method transfer of any distance effect might not be granted.
Keyword Distance decay
Choice modelling
Contingent valuation
Korea DMZ
Distance enhancement
Segmentation
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2014 Collection
UQ Business School Publications
 
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Created: Tue, 12 Mar 2013, 23:11:10 EST by Andy Choi on behalf of School of Tourism