Ocean and Polar Research

Korea Institute of Ocean Science & Technology (한국해양과학기술원)
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Estimation of the Willingness to Payment of Sea-anglers about Increase in Abundance of Fish Resources Using CVM

CVM을 이용한 바다낚시 자원풍도 증가에 대한 지불의사액 추정에 관한 연구

  • Nam, Jongoh (Division of Economics, College of Humanities and Social Sciences, Pukyong National University) ;
  • Park, Cheol-Hyung (Division of Economics, College of Humanities and Social Sciences, Pukyong National University)
  • 남종오 (국립부경대학교 인문사회과학대학 경제학부) ;
  • 박철형 (국립부경대학교 인문사회과학대학 경제학부)
  • Received : 2016.05.22
  • Accepted : 2016.09.21
  • Published : 2016.09.30
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Abstract

The purpose of this study is to estimate the Willingness To Payment (WTP) of sea-anglers regarding the increase in the abundance of fish resources resulting from the Korean vessel buy-back program using the contingent valuation method. Data was collected through sample surveys of 352 sea-anglers across the nation in 2015. If a 20% increase in the abundance of fish resources resulted from the vessel buy-back program, WTP estimates of sea-anglers per recreational fishing trip were 9,570 won on truncated mean, 16,528 won on mean, and 35,830 won on median, respectively. Additionally, when the number of annual total recreational fishing trips in Korea were estimated as 22,700 thousand trips, the annual increase in national welfare through recreational fishing was estimated to be 217.2 billion won on the truncated mean, 375.2 billion won on the mean, and 813.3 billion won on the median, respectively.

Keywords

References

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