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Nonmarket values of major resources in the Korean DMZ areas: A test of distance decay
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Nonmarket values of major resources in the Korean DMZ areas: A test of distance decay

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  • Choi, Andy S.

Abstract

The Demilitarised Zone (DMZ) and its adjoining areas serve not only as a geopolitical buffering zone between North and South Korea, but also as rare refuges for various animals and plants. This paper investigates conservation values of major DMZ resources and comparatively tests distance decay between contingent valuation and choice modelling. The overall conservation value for the DMZ resources per person as one-off payments was $9.06 or $34.97, respectively from the CVM and CM datasets. Research findings deny distance decay regardless of elicitation methods when the distance variable is parameterised as part of utility functions. Conversely, a segmentation-valuation approach demonstrates conflicting conclusions on distance decay and the WTP anomaly between users and non-users depending on elicitation methods. The CM results demonstrate that protection of the DMZ resources might be less important and attractive to local populations than to those in the distant regions. A direct cross-method transfer of any distance effect might not be granted.

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  • Choi, Andy S., 2013. "Nonmarket values of major resources in the Korean DMZ areas: A test of distance decay," Ecological Economics, Elsevier, vol. 88(C), pages 97-107.
    • Handle: RePEc:eee:ecolec:v:88:y:2013:i:c:p:97-107
    DOI: 10.1016/j.ecolecon.2013.01.014
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    16. Moritz A. Drupp & Zachary M. Turk & Ben Groom & Jonas Heckenhahn, 2023. "Limited substitutability, relative price changes and the uplifting of public natural capital values," Papers 2308.04400, arXiv.org, revised Mar 2024.
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