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Contingent valuation in Korean environmental planning: A pilot application to the protection of drinking water quality in Seoul

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  • Seung-Jun Kwak
  • Clifford Russell

Abstract

This paper describes the application of the contingent valuation (CV) or willingness to pay (WTP) survey technique to a problem of public policy evaluation in Seoul, Korea. Matters of principal interest include: the definition of the problem and policy — protection of Seoul's drinking water supply from disruption by “slugs” of contaminants in the source river (the Han); adjustments to standard CV techniques and assumptions required by the cultural and physical reality of Seoul; the representativeness of the spatially-drawn sample; estimation of the willingness to pay equation as a check on theoretical validity; and the policy implications of the results. The bottom line is asserted to be that CV may be especially valuable in countries such as Korea that have serious environmental problems and a history of not producing data that might be used in alternative (indirect) benefit estimation exercises. Further, it appears that if care is exercised in adjusting to local reality, the method can be made as successful as it has been in the U.S. and northern Europe. Copyright Kluwer Academic Publishers 1994

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  • Seung-Jun Kwak & Clifford Russell, 1994. "Contingent valuation in Korean environmental planning: A pilot application to the protection of drinking water quality in Seoul," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(5), pages 511-526, October.
    • Handle: RePEc:kap:enreec:v:4:y:1994:i:5:p:511-526
    DOI: 10.1007/BF00691926
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    Cited by:

    1. Hwang, In Chang & Son, Wonik, 2019. "The benefit of management policy of Seoul on airborne particulate matter: An application of contingent valuation," MPRA Paper 93613, University Library of Munich, Germany.
    2. Botelho, Anabela & Ferreira, Paula & Lima, Fátima & Pinto, Lígia M. Costa & Sousa, Sara, 2017. "Assessment of the environmental impacts associated with hydropower," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 896-904.
    3. Zawojska, Ewa & Czajkowski, Mikolaj & Giergiczny, Marek, 2018. "Valuing tap water quality improvements using stated preference methods. Does the number of discrete choice options matter?," 2018 Annual Meeting, August 5-7, Washington, D.C. 274019, Agricultural and Applied Economics Association.
    4. Easter, K. William & Konishi, Yoshifumi & Raggi, Meri & Viaggi, Davide, 2006. "What are the Economic Health Costs of Non-Action in Controlling Toxic Water Pollution?," Conference Papers 6656, University of Minnesota, Center for International Food and Agricultural Policy.
    5. Konishi, Yoshifumi & Coggins, Jay S., 2006. "Value of Information and Averting Behavior: The Case of Toxic Water Contamination," 2006 Annual meeting, July 23-26, Long Beach, CA 21395, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. John C. Whitehead & George Van Houtven, "undated". "Methods for Valuing the Benefits of the Safe Drinking Water Act: Review and Assessment," Working Papers 9705, East Carolina University, Department of Economics.
    7. Na Wang & Yongrok Choi, 2019. "Challenges for Sustainable Water Use in the Urban Industry of Korea Based on the Global Non-Radial Directional Distance Function Model," Sustainability, MDPI, vol. 11(14), pages 1-15, July.
    8. Easter, K. William & Konishi, Yoshifumi, 2006. "Estimating Economic Health Costs of Not Controlling Toxic Water Pollution," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25768, International Association of Agricultural Economists.

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