scholarly journals WILLINGNESS TO PAY FOR ACCESSIBLE ELDERLY HOUSING IN KOREA

2019 ◽  
Vol 24 (1) ◽  
pp. 70-82
Author(s):  
So Young Lee ◽  
Sungeun Yoo
Keyword(s):  
Willingness To Pay ◽  
Household Income ◽  
Home Ownership ◽  
Contingent Valuation Method ◽  
Economic Status ◽  
The Elderly ◽  
Age Group ◽  
Housing Type ◽  
Valuation Method ◽  
Type Size

The demands and requirements for accessible housing of a diverse population can vary considerably, especially considering that “aging in place” is a growing trend among the elderly. In an aging society, accessibility can be a housingmarket commodity, and the demand in Korea for this commodity is expected to increase. The purpose of this study is to investigate the value of accessible housing and the consumer᾽s willingness to pay (WTP) using the Contingent Valuation Method (CVM). For the analysis, 700 people were interviewed based on the housing type and age group. More than half of the respondents were willing to pay more for accessible housing compared to conventional housing. The WTP amount differed considerably with the age group, gender, housing type, size of unit, and tenure type. The elderly showed a greater WTP than the younger group; higher economic status (as indicated by monthly household income), educational level, and home ownership influenced WTP. The results showed that accessible housing could be an important housing choice for the elderly and can be adopted as an affordable option. Moreover, the results can help reduce the negative perception of accessible housing, which is commonly associated with its supposed high costs.

scholarly journals Willingness to Pay for Enhanced Water Security in a Rapidly Developing Shale Gas Region in China

Water ◽  
2019 ◽  
Vol 11 (9) ◽  
pp. 1888 ◽  
Author(s):  
Danlu Jiang ◽  
Dong Bai ◽  
Zhaowei Yin ◽  
Gongyuan Fan
Keyword(s):  
Willingness To Pay ◽  
Shale Gas ◽  
Household Income ◽  
Contingent Valuation Method ◽  
Rapid Development ◽  
Primary Source ◽  
Water Security ◽  
Gas Field ◽  
Valuation Method ◽  
Need To Evaluate

With the rapid development of shale gas exploration (SGE) in China, there is an urgent need to evaluate the public’s preferences with respect to the environmental risks that go along with the exploration, which have not yet been studied in the literature. This study aims to estimate local residents’ willingness to pay (WTP) for a water security-enhanced scenario in the Fuling shale gas field, Chongqing, China. Using the double-bounded contingent valuation method, we estimate that the annual mean WTP is 32.655 Chinese yuan per year per household, which accounts for 3.80% of the basic household gas bill. The results also show that WTP is significantly influenced by the socio-economic characteristics of the respondents, including the age of the respondent, household location, household income, and primary source of household income. Moreover, the respondents’ satisfaction with respect to the environmental impacts caused by SGE also has negative influences on the WTP. Thus, our analysis estimates the affected public’s benefits during SGE and provides insight into the relevant policymaking process.

scholarly journals Determinant Factors for Cattle Insurance as a Risk Management Strategy

Agriekonomika ◽  
2021 ◽  
Vol 10 (1) ◽  
pp. 113-124
Author(s):  
Amelia Dwi Nugrahaini ◽  
Mashyuri Masyhuri ◽  
Any Suryantini
Keyword(s):  
Willingness To Pay ◽  
Household Income ◽  
Contingent Valuation Method ◽  
Financial Loss ◽  
Risk Management Strategy ◽  
Natural Logarithm ◽  
Valuation Method ◽  
Cattle Diseases ◽  
Downer Cow Syndrome ◽  
The Government

Cattle farmers in Gunungkidul Regency face several cattle diseases such as Helminthiasis, Anthrax, Downer Cow Syndrome, and Intoxication in which these diseases mostly attack female cows. To prevent financial loss for the farmers, the government facilitates them with cattle insurance. This study aims to determine the reasons and the cattle farmers’ willingness-to-pay for the cattle insurance by conducting a survey addressed to 100 cattle farmers and identifying the factors related to it. This study used a Contingent Valuation Method in estimating the cattle farmer's WTP. The various factors that influence the farmer's WTP were analyzed by using natural logarithm regression models. Based on the results of the study, it was found that the willingness-to-pay for cattle farmers who did not participate in cattle insurance are 22,600 IDR and farmers who participate in cattle insurance are 36,320 IDR. Education, household income, and farmers’ interest in the insurance were positively effecting toward the farmers' willingness-to-pay. However, age and the number of families showed the negative ones toward the farmers’ willingness-to-pay.

scholarly journals Estimating the Recreational Value of the Abdanan Black Twin Lake: A Contingent Valuation Approach

2021 ◽  
Author(s):  
Ali Sayehmiri ◽  
Atefeh heidarvand
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Household Income ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Environmental Policies ◽  
Human Beings ◽  
Recreational Value ◽  
Valuation Method ◽  
Recreational Use

As one of the unique destinations in Iran, Abdanan Black Twin Lake attracts many tourists yearly. Among striking features is the presence of minerals, boiling springs, and its beautiful landscape. Human beings are willing to spend money on such natural resources. An economic valuation can be interfered constructively and positively in improving environmental policies. So, quantifying these benefits is of the utmost importance. The paper mainly estimated the tourists' willingness to pay and their recreational value using the contingent valuation method. Random sampling was conducted on 384 people using the two-dimensional double-choice questionnaire in spring 2019. In the Twin Lake Recreational Value Questionnaire, the main questions were devoted to the visitors' willingness to pay, with three bids of 0.07 $, 0.14 $, and 0.22$. Among 384 respondents, 304 (79%) were willing to pay for recreational use of the lake, and 80 respondents (21%) were not. The likelihood, the model's parameters were estimated. The findings indicated the average tourists' willingness to pay for recreational value was estimated at 0.09$ per visit and the recreational value of this lake for each household was estimated at 0.40$. The findings revealed the effect of education, household income, household size and tourists' willingness to pay was significant.

scholarly journals Analisis Kesediaan Membayar (Willingness to Pay) Sayuran Organik dan Faktor-Faktor yang Mempengaruhinya

2016 ◽  
Vol 5 (1) ◽  
pp. 1
Author(s):  
Lutfhan Hadi Priambodo ◽  
Mukhamad Najib
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Structural Equation Modelling ◽  
Structural Equation ◽  
Contingent Valuation Method ◽  
Economic Status ◽  
Socio Economic Status ◽  
Valuation Method ◽  
Equation Modelling

<p>Perkembangan era modern dan peningkatan Produk Domestik Bruto (PDB) per kapita mengubah perilaku konsumsi masyarakat Indonesia. Masyarakat Indonesia menyadari pentingnya hidup sehat dengan mengkonsumsi sayuran organik. Kenaikan biaya produksi sebagai akibat dari peningkatan kualitas produk menyebabkan harga jual sayuran organik di pasaran meningkat. Penelitian ini bertujuan untuk mengidentifikasi karakteristik konsumen yang melakukan pembelian sayuran organik dengan menggunakan analisis deskriptif, menghitung nilai kesediaan membayar (WTP) konsumen dengan menggunakan metode <em>Contingent Valuation Method (CVM),</em><em> </em>dan menganalisa faktor-faktor yang mempengaruhi kesediaan membayar menggunakan <em>Structural Equation Modelling (</em><em>SEM) </em>dengan LISREL. Hasil penelitian ini menunjukkan nilai rata-rata WTP untuk kol sebesar Rp 18 738, selada sebesar Rp 30.048, brokoli sebesar Rp 40 250, pakchoy sebesar Rp 24 368 dan wortel sebesar Rp 19 820. Sikap dan hambatan berpengaruh signifikan pada WTP sedangkan <em>Socio Economic Status</em><em> </em>(SES) tidak memiliki  pengaruh signifikan.</p>Kata kunci: CVM, sayuran organik, SEM, WTP

scholarly journals Consumers’ Willingness to Pay for Fresh-Water Grown Leafy Vegetables

2020 ◽  
Vol 4 (4) ◽  
pp. 117-134
Author(s):  
Salah Udin Buzdar ◽  
Syed Muhammad Khair ◽  
Syed Munawar Shah
Keyword(s):  
Willingness To Pay ◽  
Household Income ◽  
Contingent Valuation Method ◽  
Leafy Vegetables ◽  
Comprehensive Strategy ◽  
Valuation Method ◽  
Study Results ◽  
The Government ◽  
High Willingness ◽  
Structured Questionnaire

Wastewater-grown vegetables are responsible for various diseases whereas freshwater-grown vegetables are comparatively expensive. This paper examines consumers’ willingness to pay for freshwater grown leafy vegetables, such as, cauliflower, spinach and salad. For this purpose, a survey was conducted in five selected areas of Quetta city using contingent valuation method and 255 vegetable-consumers were questioned directly with the help of a semi-structured questionnaire. The results indicate that most of the vegetable consumers (87-88%) are willing to pay extra amounts for FWGV. On average, a vegetable consumer is willing to pay 27.4%, 43% and 52% more than the original price for the three leafy vegetables (cauliflowers, salads and spinaches, respectively). The factors such as household income, level of education, awareness, use of freshwater-grown vegetables and employment were identified as determinants of consumers’ willingness to pay for FWGV. The study results reveal a high willingness to pay for FWGV by the vegetable consumers and suggests a comprehensive strategy on the part of the government to overcome the problem of wastewater-grown vegetables (WWGV).

Willingness to Pay for Certified Safer Pork and Implications for Sustainable Consumption

2020 ◽  
pp. 142-156
Author(s):  
Huynh Viet Khai ◽  
Tran Thi Thu Duyen ◽  
Huynh Thi Dan Xuan
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Sustainable Consumption ◽  
Market Price ◽  
Mekong Delta ◽  
The Elderly ◽  
Face To Face ◽  
Urban Households ◽  
Valuation Method

This chapter applied the approach of contingent valuation method to analyze consumers' willingness to pay for proposed safe pork. The data was collected by face-to-face interview with 884 urban households in the Vietnamese Mekong Delta. The results revealed that the majority of consumers (about 64%) paid attention to the proposed safe pork. Their willingness to pay was about VND 176,000 ($ 7.65) per kg, nearly double compared to the market price of conventional pork. Consumers who had higher household income, the elderly and children in family, paid higher price of a conventional pork, and more knowledge on the safe pork tended to buy, while those who have more family members are less likely to pay for the proposed safe pork.

scholarly journals Analisis Kesediaan Membayar (Willingness to Pay) Sayuran Organik dan Faktor-Faktor yang Mempengaruhinya

2016 ◽  
Vol 5 (1) ◽  
pp. 1
Author(s):  
Lutfhan Hadi Priambodo ◽  
Mukhamad Najib
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Structural Equation Modelling ◽  
Structural Equation ◽  
Contingent Valuation Method ◽  
Economic Status ◽  
Socio Economic Status ◽  
Valuation Method ◽  
Equation Modelling

<p>Perkembangan era modern dan peningkatan Produk Domestik Bruto (PDB) per kapita mengubah perilaku konsumsi masyarakat Indonesia. Masyarakat Indonesia menyadari pentingnya hidup sehat dengan mengkonsumsi sayuran organik. Kenaikan biaya produksi sebagai akibat dari peningkatan kualitas produk menyebabkan harga jual sayuran organik di pasaran meningkat. Penelitian ini bertujuan untuk mengidentifikasi karakteristik konsumen yang melakukan pembelian sayuran organik dengan menggunakan analisis deskriptif, menghitung nilai kesediaan membayar (WTP) konsumen dengan menggunakan metode <em>Contingent Valuation Method (CVM),</em><em> </em>dan menganalisa faktor-faktor yang mempengaruhi kesediaan membayar menggunakan <em>Structural Equation Modelling (</em><em>SEM) </em>dengan LISREL. Hasil penelitian ini menunjukkan nilai rata-rata WTP untuk kol sebesar Rp 18 738, selada sebesar Rp 30.048, brokoli sebesar Rp 40 250, pakchoy sebesar Rp 24 368 dan wortel sebesar Rp 19 820. Sikap dan hambatan berpengaruh signifikan pada WTP sedangkan <em>Socio Economic Status</em><em> </em>(SES) tidak memiliki  pengaruh signifikan.</p>Kata kunci: CVM, sayuran organik, SEM, WTP

Economic Value of Pavement for the Elderly: Case Study of Bangkok, Thailand

2018 ◽  
Vol 9 (11) ◽  
pp. 927-937
Author(s):  
Somskaow Bejranonda ◽  
◽  
Aekkapat Laksanacom ◽  
Waranan Tantiwat ◽  
◽  
...  
Keyword(s):  
Contingent Valuation Method ◽  
Economic Value ◽  
The Elderly ◽  
Pavement Management ◽  
Sustainable Urban Development ◽  
Public Facility ◽  
Average Value ◽  
Valuation Method ◽  
The People ◽  
The City

Based on the concept of a livable and global age-friendly city, pavements are a public facility that the city should provide to the people. Appropriate pavements will be beneficial for the people, particularly for good quality of life for the elderly to move around in the city. This study explored the behaviour of the elderly in the use of pavements and the problems confronted. The study also evaluated the value of the pavement walking area as it reflected the benefits of pavements to the elderly by applying the Contingent Valuation Method (CVM). During March-May 2017, data were collected using interviews with 601 elderly living in Bangkok. The study indicated that the main problem for senior citizens regarding their use of pavements was from being disturbed by motorbikes riding on the pavements. The average value of pavement for the elderly was about THB 160 (USD 5.30) per person per year. Thus, the benefits of pavements to the elderly in Bangkok was approximately THB 158 million (USD 5.2 million) per year. Thus, policy makers should make proper budget allocations for elderly-friendly pavement management and seriously address the problems confronting the elderly in using pavements, to maximize the usefulness of pavements not only for the elderly but also for the public and to support a sustainable urban development.

Reliability and Validity of the Contingent Valuation Method for Estimating Willingness to Pay: A Case of In Vitro Fertilisation

2018 ◽  
Vol 17 (1) ◽  
pp. 103-110 ◽  
Author(s):  
Stella Nalukwago Settumba ◽  
Marian Shanahan ◽  
Willings Botha ◽  
Muhammad Zulilhaam Ramli ◽  
Georgina Mary Chambers
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Reliability And Validity ◽  
In Vitro Fertilisation ◽  
Valuation Method
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