Urban Chinese Consumers’ Willingness to Pay for Pork with Certified Labels: A Discrete Choice Experiment

Wang, Jianhua; Ge, Jiaye; Ma, Yuting

doi:10.3390/su10030603

Cited by 63 publications

(43 citation statements)

References 47 publications

(50 reference statements)

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“…The SP methods usually ask people to state their WTP for consuming the goods or services concerned. Two representative approaches belonging to SP methods are the CV approach and CE approach [10][11][12][13][14][15][16]. The former elicits the WTP response directly, while the latter derives the WTP responses indirectly.…”

Section: Method: CVmentioning

confidence: 99%

Willingness to Pay for Substituting Coal with Natural Gas-Based Combined Heat and Power in South Korea: A View from Air Pollutants Emissions Mitigation

2018

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As of 2017, coal-fired generation is responsible for about half of electricity generation in South Korea. This causes a serious problem of emitting air pollutants such as particulate matters, sulfur oxides, and nitrogen oxides. Thus, the South Korean government is seeking to substitute a part of coal-fired generation with natural gas (NG)-based combined heat and power (CHP) generation for the purpose of mitigating air pollutants emissions. This article tries to assess the public willingness to pay (WTP) for the substitution adopting contingent valuation (CV). The data on the additional WTP for consuming 1 kWh of electricity produced from NG-based CHP generation over coal-fired generation were gathered from a CV survey of 1000 interviewees. The mean additional WTP estimate for the substitution is obtained as KRW 28.08 (USD 0.025) per kWh of electricity use. This is equivalent to 25.9% of the average price of electricity, KRW 108.50 (USD 0.098) per kWh in 2017. It is obvious that the South Korean public has a significant WTP for substituting coal with NG in electricity generation to mitigate air pollutants emissions. The government needs to gradually push for the substitution.

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Section: Method: CVmentioning

confidence: 99%

Willingness to Pay for Substituting Coal with Natural Gas-Based Combined Heat and Power in South Korea: A View from Air Pollutants Emissions Mitigation

2018

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“…Two techniques that have been widely employed for nonmarket good valuation in the literature are the choice experiment (CE) and CV method [14][15][16][17][18][19][20]. The CE method asks respondents to evaluate value trade-offs among some attributes and indirectly derives the SV they determine.…”

Section: Method: Cementioning

confidence: 99%

Economic Value of Building a Firefighter Training Academy for Urban Disaster Management in Seoul, South Korea

Kim

Yoo

2018

Sustainability

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The Seoul Metropolitan Government plans to build a new firefighter training academy (FTA) for urban disaster management. The Government needs information about its economic value to determine whether building a FTA is socially desirable. This paper aims to estimate the economic value of the FTA by applying a choice experiment (CE) method through a survey of firefighters who do on-site fire prevention activities in Seoul. The annual economic values of six training centers were estimated using the data from a total of 1658 firefighters who responded to the CE survey questionnaire, with a 1% statistical significance level. The economic value of the FTA amounts to KRW 10.04 billion (USD 8.80 million) annually. Given the 30-year operating period, the present value is KRW 129.86 billion, which can be seen as the economic benefit of building the FTA. The present value of the costs for the construction and operation of the FTA is KRW 54.66 billion (USD 48.30 million). As the benefits outweigh the costs, it can be concluded that it is socially profitable to build the FTA.

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“…Two techniques that have been widely employed for nonmarket good valuation in the literature are the CE method and contingent valuation (CV) [18][19][20][21][22][23]. The CE method asks respondents to evaluate value trade-offs among some attributes and indirectly derives their willingness to pay (WTP).…”

Section: Method: Cementioning

confidence: 99%

Public Value of Marine Biodiesel Technology Development in South Korea

Kim

Yoo

2018

Sustainability

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Biodiesel (BD) is often regarded as a carbon-neutral fuel. Many countries are investing resources in biodiesel technology development to respond to the need to improve energy sustainability and the threat of climate change. Since 2009, the South Korean Government has invested a considerable amount of money in developing marine BD (MBD) technology that converts carbon dioxide into diesel using marine microalgae cultivated in large quantities with the help of waste heat from nuclear power plants and/or coal-fired power plants. If the development is successful, 4800 tons of MBD a year, approximately 1820 cars fully fueled annually, will be produced from 2019. Furthermore, the South Korean Government is expected to continue to invest in MBD to improve the market share after 2019. Quantitative information about the public value of MBD technology development is widely demanded by the Government. This study aims to investigate the public value of MBD technology, the attributes of which it considers to be the reduction of greenhouse gas emissions, the mitigation of air pollutant emissions, new job creation, and the improvement of energy security. A choice experiment (CE) survey of 600 people was conducted during July 2016. The trade-offs among the attributes and the price were evaluated in the survey. The CE data were examined through a multinomial logit model. The marginal values for a 1%p reduction of greenhouse gas emissions, 1%p mitigation of air pollutant emissions, the creation of 100 new jobs, and an improvement of energy security caused by MBD technology development are computed to be KRW 1082.7 (USD 0.9), 918.1 (0.8), and 258.3 (0.2) per household per month, respectively.

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Urban Chinese Consumers’ Willingness to Pay for Pork with Certified Labels: A Discrete Choice Experiment

Cited by 63 publications

References 47 publications

Willingness to Pay for Substituting Coal with Natural Gas-Based Combined Heat and Power in South Korea: A View from Air Pollutants Emissions Mitigation

Willingness to Pay for Substituting Coal with Natural Gas-Based Combined Heat and Power in South Korea: A View from Air Pollutants Emissions Mitigation

Economic Value of Building a Firefighter Training Academy for Urban Disaster Management in Seoul, South Korea

Public Value of Marine Biodiesel Technology Development in South Korea

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