Public willingness to pay for eradicating a harmful marine organism: the case of Aurelia aurita in South Korea SCIE SCOPUS

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Title
Public willingness to pay for eradicating a harmful marine organism: the case of Aurelia aurita in South Korea
Author(s)
Kim, Ju-Hee; Jin, Se Jun; Yoo, Seung-Hoon
KIOST Author(s)
Jin, Se Jun(진세준)
Alternative Author(s)
진세준
Publication Year
2022
Abstract
Aurelia aurita (AA), a legally registered harmful marine organism in South Korea, is damaging marine human leisure activities, local residents' tourism income, fisheries, and cooling water intake at power plants. The government is therefore seeking to eradicate AA by removing AA-attached larvae (polyps). This article looks into the public willingness to pay (WTP) for the eradication, utilizing a contingent valuation. For the sake of eliciting the WTP response, the one-and-one-half-bounded (OB) model was adopted. For comparison, the single-bounded (SB) model, which uses only the response to the first question in the OB model, was also applied. A spike model with a considerable plausibility that could explicitly deal with zero WTP responses was employed. Consequently, the estimation results of the SB model were used for further policy analysis. The household average WTP was estimated as KRW 3,911 (USD 3.49) per year, securing statistical significance. The national value was KRW 80.46 billion (USD 71.71 million) per annum. This figure can be interpreted as public value of the AA eradication project and used as essential basic data to evaluate the economic feasibility of implementing the project. Some factors such as income and education level significantly positively affected the intention of paying a suggested bid.
ISSN
0944-1344
URI
https://sciwatch.kiost.ac.kr/handle/2020.kiost/43102
DOI
10.1007/s11356-022-21944-x
Bibliographic Citation
Environmental Science and Pollution Research, 2022
Publisher
Springer Verlag
Keywords
Harmful marine organism; Aurelia aurita; Eradication; Willingness to pay; Contingent valuation; Zero observations
Type
Article
Language
English
Document Type
Article; Early Access
Publisher
Springer Verlag
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