• Title/Summary/Keyword: Turnbull model

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Estimating the Stock Value of Woraksan National Park Using Turnbull Distribution-Free Model (Turnbull 분포무관모형을 이용한 월악산국립공원의 자산가치 평가)

  • Han, Sang-Yoel
    • Journal of Korean Society of Forest Science
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    • v.96 no.3
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    • pp.283-289
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    • 2007
  • Benefit-cost analysis is a useful tool for organizing information on the relative value of alternative public investments like national park preservation projects. When the value of all significant benefits and costs can be expressed in monetary terms, the net value (benefits minus costs) of the alternatives under consideration can be computed and used to identify the alternative that yields the greatest increase in public welfare. However, since goods and services of national parks are not commonly bought or sold in the marketplace, it can be difficult to express the outputs of a national park preservation project in monetary terms. In this case the dichotomous choice contingent valuation is employed to elicit the public benefit value. In this paper, a distribution-free approach, Turnbull empirical distribution model, is employed to analysis the benefit value of Woraksan National Park. The result is shown that annual use and preservation values of Woraksan National Park are estimated 6.5 and l37.4 billion won. Also, flow and stock values are estimated 143.9 and 3,021.7 billion won, respectively.

Study on Variability of WTP Estimates by the Estimation Methods using Dichotomous Choice Contingent Valuation Data (양분선택형 조건부가치측정(CV) 자료의 추정방법에 따른 지불의사금액의 변동성 연구)

  • Shin, Youngchul
    • Environmental and Resource Economics Review
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    • v.25 no.1
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    • pp.1-25
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    • 2016
  • This study investigated the variability of WTP estimates(i.e. mean or median) with ad hoc assumptions of specific parametric probability distributions(i.e. normal, logistic, lognormal, and exponential distribution) to estimate WTP function using dichotomous choice CV data on mortality risk reduction. From the perspective of policy decision, the variability of these WTP estimates are intolerable in comparison with those of Turnbull nonparametric estimation method which is free from ad hoc distribution assumptions. The Turnbull nonparametric estimation can avoid a kind of misspecification bias due to ad hoc assumption of specific parametric distributions. Furthermore, the WTP estimates by Turnbull nonparametric estimation are robust because the similar estimates are elicited from a dichotomous choice or double dichotomous choice CV data, and the statistically significant WTP estimates can be obtained even though it is not possible by parametric estimation methods. If there are considerable variability among those WTP estimates by parametric estimation methods in condition with no criteria of model adequacy, the mean WTPs from Turnbull nonparametric estimation can be the robust estimates without ad hoc assumptions, which can avoid controversial issues in the perspective of policy decisions.

Estimation of Willingness to Pay for Reduction of Environmental Mortality Risk (환경오염으로 인한 위해도 감소에 대한 지불의사금액 추정에 관한 연구)

  • 김예신;이용진;박화성;남정모;김진흠;신동천
    • Environmental Analysis Health and Toxicology
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    • v.18 no.1
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    • pp.1-13
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    • 2003
  • To estimate the annual WTP for risk reduction of environmental problems such as outdoor and indoor air pollution, and drinking water contamination, a questionnaire survey was conducted by dichotomous contingent valuation method in Seoul. Several covariate models based on Turnbull, Weibull and Spike models were developed and applied to WTP estimation with uncertainty analysis. WTP estimates for risk reduction of air pollution were 13,000 won, 12,000 won, and 10,000 won per month in low-bounded Turnbull, Weibull and Spike models, respectively. The estimates for indoor air pollution were 17,000 won,20,000 won and 21,000 won and these for drinking water contamination were 10,000 won, 13,000 won and 14,000 won in each model, respectively. Goodness of fit for Weibull model was better than those for other models. WTP estimates for indoor air pollution were higher than those for other pollution problems.

Measuring Landscape Value of Jeju Island's Mandarin(Orchard) for the Introduction of Direct Payment System of the Landscape Preservation (경관보전직불제 도입을 위한 제주감귤(원)의 경관가치 평가)

  • Ko, Seong-Bo
    • Journal of Korean Society of Rural Planning
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    • v.14 no.1
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    • pp.43-50
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    • 2008
  • The dichotomous-choice contingent valuation method is applied to estimate the landscape value of Jeju mandarin(orchard). A distribution-free approach, Turnbull empirical distribution model, is employed to solve negative willingness to pay and truncation problems. The data used are collected from the interviews with tourist about willingness-to-pay at the various donation amount levels of Jeju mandarin(orchard)'s landscape value. The evaluation result is shown that the average amount of willingness to pay for the Jeju mandarin's landscape value is 12,926 won per person with standard deviation of 1,874.7 won/person. When the number of Jeju visitors is considered, the economic value of Jeju mandarin's landscape rises every year(2005:64.89 billion won, 2011: 84.43 billion won). The average economic value of Jeju mandarin's landscape are estimated 59.65 billion won during 2000-2005 and 76.88 billion won during 2006-2011, respectively.

Valuation of Multi-functionality of Urban Agriculture using Turnbull Model (비모수적 방법을 이용한 도시농업의 다원적 기능 가치평가)

  • Heo, Joo-Nyung;Kim, Tae-Gon
    • Korean Journal of Organic Agriculture
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    • v.20 no.4
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    • pp.431-445
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    • 2012
  • In this regard, urban agriculture is developing into a variety of shapes. Urban agriculture includes various types, such as industrial agriculture, experience agriculture, educational agriculture, exchange agriculture and cyclic agriculture. The result of evaluation on citizens' values about multi-functions provided by urban agriculture can be used for policy making to overcome crisis of urban agriculture due to urban development and industrialization and to vitalize urban agriculture. The willingness-to-pay for the maintenance fund was categorized into vegetable garden users, general consumers, and all respondents, for analysis. The estimation results for the valuation of multi-functionality were KRW 20,367 per household for general consumers; KRW 22,174 for urban agriculture users; and KRW 21,467 for all respondents.

Measuring Landscape Value of Jeju Island's Stonewall Fencing Farming Land for the Introduction of Direct Payment System of the Landscape Preservation (경관보전직불제 도입을 위한 제주밭담의 경관가치 평가)

  • Ko, Seong-Bo
    • Journal of Korean Society of Rural Planning
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    • v.13 no.4
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    • pp.1-8
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    • 2007
  • The dichotomous-choice contingent valuation method is applied to estimate the landscape value of Jeju Island's stonewall fencing farming land. A distribution-free approach, Turnbull empirical distribution model, is employed to solve negative willingness to pay and truncation problems. The data used are collected from the interviews with tourist about willingness-to-pay at the various donation amount levels of Jeju stonewall's landscape value. The evaluation result is shown that the average amount of willingness to pay for the Jeju stonewall fencing farming land is 3,001 won per meter with standard deviation of 511.0 won/m.

A Comparative Study on Models of Web-based Information Seeking Behavior (웹 정보탐색행위 모형의 비교 분석 연구)

  • 김성진
    • Journal of the Korean Society for information Management
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    • v.21 no.2
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    • pp.211-233
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    • 2004
  • The web is a new information environment, which has different characteristics from a traditional IR environment. Needed are more research from a new point of view as well as the adoption of a new research paradigm in order to understand a user-system interaction on the web. The purpose of this study is to review and analyze models of web-based information seeking behavior, which Wang, Hawk & Tenopir, Hsieh-Yee, Choo, Detlor & Turnbull, Chun & Cooper, Rieh, and Spink proposed. The comparative analysis indicates that web-based information seeking models are categorized into three area: interaction model, information seeking behavior model, and evaluation model, and that they are based on a multifaceted interaction and a nonlinear perspective.

The Economic Value of Next-Generation Converged Communications and Broadcasting Services

  • Kang, Shin-Won;Cho, Sang-Sup;Lie, Han-Young
    • ETRI Journal
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    • v.27 no.6
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    • pp.759-767
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    • 2005
  • This research is to substantially analyze the economic value of portable Internet (WiBro), WCDMA High Speed Downlink Packet Access (HSDPA), WiBro+VoIP, and WiBro+DMB regarded as the next generation of broadcasting. Based on the empirical analysis of economic values, we provide the optimal paths of converged communications and broadcasting services related to WiBro. 1,000 Internet users in the Seoul and Gyeonggi areas were surveyed in their homes. The collected survey was calculated as an accurate economic value distribution for relevant services, and the average and mean were taken using a parametric logit model, semi-parametric Spike model, and nonparametric Turnbull and Kernel estimations in order to analyze the contingent economic value of the amount offered to the subjects of the analysis. The contingent value analysis results varied slightly according to the different methodologies; however, all showed the following common features. The economic value of WiBro, Internet-based WCDMA, VoIP, and DMB with WiBro appeared to be similar. Therefore, if WiBro and WCDMA (HSDPA) form a competitive relationship, the types of bundled services offered as portable Internet service and the supply point of such bundled services are expected to emerge in a strategic plan for stimulating service markets and the prior occupation of the market.

Economic Evaluation of Use and Conservation Values of Traditional Temples - In Case of Sinheungsa in Seolak Mountain and Hainsa in Gaya Mountain - (전통 사찰의 이용 및 보존 가치에 대한 경제적 평가 - 설악산 신흥사와 가야산 해인사를 중심으로 -)

  • Yi, Young-Kyoung;Yi, Pyong-In;Han, Sang-Yoel
    • Journal of the Korean Institute of Landscape Architecture
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    • v.34 no.5 s.118
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    • pp.84-99
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    • 2006
  • The traditional temples located in national parks have various functions, such as religious practice, tourist destination, and conservation for cultural and natural resources. One functions have implicit monetary values in terms of public benefits. The purpose of this study was to estimate both use and non-use conservation values for two traditional temples, Sinheungsa and Haeinsa, using the contingent valuation method. In the study, both single-bounded and double-bounded dichotomous choice methods were used in an application of Turnbull distribution-free model. A total of 659 visitors were interviewed, 350 in Sinheungsa and 309 in Haeinsa. The mean WTP (willingness to pay) for Sinheungsa using single-bounded method was 4,040 Won for the use value, 6,157 Won for the cultural conservation value, and 5,624 Won for the natural conservation value. The mean WTP for Haeinsa using single-bounded method was 6,463 Won for the use value, 8,769 Won for the cultural conservation value, and 8,013 Won for the natural conservation value. The total economic value of each temple accounted for 50% (Sinheungsa) and 80% (Haeinsa) of the total economic value of the associated national park. It was also found that the single-bounded method was more conservative than the double-bounded method in terms of value estimation. The WTP was highest for the cultural conservation value and lowest for the use values in both temples, with natural conservation values falling in the middle, which showed that people perceived traditional temples as the cultural heritage. Based on these results, it was suggested that traditional temples should be designated as an 'multiple heritage area' so that conservation can be used as the main criteria for various use programs.