@article{Shin:330518,
      recid = {330518},
      author = {Shin, Hiojung},
      title = {Estimation of Groundwater Conservation Values},
      journal = {Journal of Rural Development/Nongchon-Gyeongje},
      address = {2011-04-01},
      number = {1071-2023-260},
      month = {Apr},
      year = {2011},
      abstract = {The purpose of this research is to estimate the  conservation values of Jeju groundwater by using the double  bounded contingent valuation (DBCV) method, which is one of  main methodologies to tackle non-use values of public  goods. Jeju groundwater has been at the center of dispute  over its development and conservation in recent years. The  Samdasoo company, which extracts groundwater from Jeju  Island and which occupies over 40% market share of the  domestic water market, has a plan to expand the amount of  groundwater extraction, while the conservation side  continuously points out that the conservation value of Jeju  groundwater is also as important as its market value now.  With respect to this issue, the Dong-seo Research Group  conducted a face-to-face survey (DBCV questionnaire) of 600  Jeju residents from July 13 to August 5, 2010. The result  of the one-off conservation fund payment mechanism applied  here found that the amount of additional WTP is ￦11,023 on  average per household. The expanded total conservation  benefit to all 219,771 households in Jeju is about  ￦2.4billion. The result shows that ￦11,023 of WTP is at the  equivalent level to its use value, the monthly tap water  cost of ￦12,530 per household in 2008, and that the benefit  of conserving groundwater in Jeju is no less than the  present market value.},
      url = {http://ageconsearch.umn.edu/record/330518},
      doi = {https://doi.org/10.22004/ag.econ.330518},
}