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| Author: | Lee, C-K. (et al.) |
| Title: | Assessing the economic value of a public birdwatching interpretative service using a contingent valuation method |
| Journal: | International Journal of Tourism Research
2009 : NOV/DEC, VOL. 11:6, p. 583-593 |
| Index terms: | Korea, South tourism public services contingent valuation |
| Freeterms: | economic value |
| Language: | eng |
| Abstract: | Using a dichotomous choice contingent valuation method, this study aims at estimating the economic value of public interpretative services (as: i-p. srvs.) at a publicly supported Korean birdwatching (herein as: b-w.) festival. Logit estimation results show that bid, age, income and b-w. experience are main factors in explaining willingness-to-pay for i-p. srvs). The mean value of the publicly supported i-p. srvs. is estimated to be 4,961 South Korean Won (appr. USD 5) per person. |
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