toggle visibility Search & Display Options

Select All    Deselect All
 |   | 
Details
   print
  Record Links
Author (up) Nam, S.; Park, S.-E.; Shin, H.-C. url  doi
openurl 
  Title Accessing the economic value of night view of bridge using contingent valuation method: the case of South Korea's Han-River bridge Type Journal Article
  Year 2015 Publication International Journal of Culture, Tourism and Hospitality Research Abbreviated Journal Int. J. of Culture, Tourism and Hospitality Res.  
  Volume 9 Issue 3 Pages 360-370  
  Keywords Economics; South Korea; Korea; Han River Bridge; contingent valuation method; Viewshed analysis; Seoul  
  Abstract Purpose

The purpose of this study is to estimate an individual’s probability of preservation the night view of Han-River Bridge at tax using the CVM; and to present the effects of 4Es on experience economy theory.

Design/methodology/approach

The on-site survey was conducted in the 11 district Han-river parks; Gwangnaru, Jamsil, Ttukseom, Jamwon, Banpo, Yeechon, Yeouido, Mangwon, Nanji, Ganseo and Yanghwa district including 24 bridge ssuch as Banpo, Olympic Bridge during the 8-9pm around the lighting and 9-10pm peak time of lighting.

Findings

Truncated mean WTP indicates that the economic value of the night view of Han-River Bridge is 49,575 won (about U.S. $50) per household, which implies the significance of the preservation value of the night view.

Research limitations/implications

This study sets a hypothetical market and there are limitations on hypothetical bias of the DC CVM. For the future study, a survey with a specific real payment vehicle in an attempt to reduce hypothetical bias can be a tool for the prevention of the overestimation.

Practical implications

Through the study, Seoul city has to invest aggressively on the night view landscape business of Han River bridge, which can become a landmark and lots of attraction effect of tourists. Since this study’s core aim was to justify the economic value of the night-view of the Han-River bridges, the estimated amount strongly supports the lighting business of the Han-River bridge.

Originality/value

The results of this research may help policy makers of Han-River to establish practical decision whether improving and preserving the Han-River’s night view lighting business are worth the value.
 
  Address Kyunghee University, Seoul, South Korea  
  Corporate Author Thesis  
  Publisher Emerald Group Place of Publication Editor  
  Language English Summary Language English Original Title  
  Series Editor Series Title Abbreviated Series Title  
  Series Volume Series Issue Edition  
  ISSN 1750-6182 ISBN Medium  
  Area Expedition Conference  
  Notes Approved no  
  Call Number IDA @ john @ Serial 1216  
Permanent link to this record
Select All    Deselect All
 |   | 
Details
   print

Save Citations:
Export Records: