Using a choice experiment to estimate the benefits of a reduction of externalities in urban areas with special focus on electrosmog

Banfi, Silvia; Filippini, Massimo; Horehájová, Andrea

doi:10.1080/00036846.2010.508724

Cited by 15 publications

(9 citation statements)

References 20 publications

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“…Usually, the CV method is applied to a single-attribute good while the CE method is applied to a multi-attribute good. Therefore, the CE method is more suitable for valuing a multi-attribute good than the CV method [21][22][23][24][25]. The CE approach is theoretically grounded in the random utility maximization model.…”

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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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 CE method asks respondents to evaluate value trade-offs among some attributes and indirectly derives their willingness to pay (WTP). Usually, the CV method is applied to a single-attribute good while the CE method is applied to a multi-attribute good [24][25][26][27][28]. The CE approach is theoretically grounded in the random utility maximization model.…”

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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“…From the literature review, the authors decided to employ a choice experiment (CE) approach to carry out the investigation. The CE technique has been widely utilized in valuing a non-market good with multiple attributes [17][18][19][20][21][22][23][24][25].…”

Section: Introductionmentioning

confidence: 99%

Non-Market Valuation of Water Pollution Remediation and Disaster Risk Mitigation Functions: The Case of Nakdong River Estuary in South Korea

2019

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The Nakdong river estuary in South Korea has two important functions: first, remediating water pollution from the Nakdong river; second, mitigating the risk of disaster caused by waves from the open sea. The two functions of the Nakdong river estuary have been continuously threatened due to constant development pressure. This short note tries to investigate the non-market value of the water pollution remediation and disaster risk mitigation functions. For this purpose, 1000 households throughout the country were randomly selected, and a choice experiment (CE) survey of them was implemented in September 2017. The two attributes considered here are water pollution remediation and disaster risk mitigation. An increase in the yearly income tax was also considered as an attribute. The results of applying the CE approach show that the non-market values of a 1%p increase in the water pollution remediation ability and a 1 m decrease in the wave height of the estuary are KRW 105 (USD 0.09) and KRW 501 (USD 0.44), respectively, per household per year. These figures can be used to establish and execute marine spatial planning for the estuary.

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Using a choice experiment to estimate the benefits of a reduction of externalities in urban areas with special focus on electrosmog

Cited by 15 publications

References 20 publications

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

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

Non-Market Valuation of Water Pollution Remediation and Disaster Risk Mitigation Functions: The Case of Nakdong River Estuary in South Korea

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