The willingness to pay for removing the microplastics in the ocean – The case of Seoul metropolitan area, South Korea
Microplastics - small plastic particles with less than 5 mm in diameter – in the ocean have become major social concerns among people since it has been found not only harmful to the marine eco-system but also human health. Then, there is an increase in the social demand for appropriate policy by the...
Ausführliche Beschreibung
Autor*in: |
Choi, Eun Chul [verfasserIn] Lee, Joo Suk [verfasserIn] |
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Format: |
E-Artikel |
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Sprache: |
Englisch |
Erschienen: |
2018 |
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Schlagwörter: |
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Übergeordnetes Werk: |
Enthalten in: Marine policy - Amsterdam [u.a.] : Elsevier Science, 1977, 93, Seite 93-100 |
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Übergeordnetes Werk: |
volume:93 ; pages:93-100 |
DOI / URN: |
10.1016/j.marpol.2018.03.015 |
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Katalog-ID: |
ELV001569465 |
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520 | |a Microplastics - small plastic particles with less than 5 mm in diameter – in the ocean have become major social concerns among people since it has been found not only harmful to the marine eco-system but also human health. Then, there is an increase in the social demand for appropriate policy by the government. To prepare appropriate countermeasures, it is essential to estimate the environmental damage cost of microplastics in the ocean in advance. Therefore, this study estimates willingness to pay of residents in Seoul metropolitan area in South Korea for removing the microplastics to provide the quantitative information of the environmental damage cost of microplastics in the ocean. This study employed one-and-one-half-bound dichotomous choice with spike model to collect the WTP responses data. To deal with the outliers, we assumed that the distribution of WTP is the contaminated normal distribution, which is heavy-tailed in comparison to normal distribution used in previous studies. In addition, to deal with the numerous zero WTP responses, this study employs the Bayesian censoring regression with data augmentation method. The estimate of the average yearly WTP is KRW 2845.6 (USD 2.59). Additionally, total WTP of households in Seoul metropolitan area was KRW 10.8 billion (USD 9.80 million) annually. | ||
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650 | 4 | |a Bayesian Censoring Method with Data Augmentation | |
700 | 1 | |a Lee, Joo Suk |e verfasserin |4 aut | |
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10.1016/j.marpol.2018.03.015 doi (DE-627)ELV001569465 (ELSEVIER)S0308-597X(17)30480-3 DE-627 ger DE-627 rda eng 550 DE-600 INTRECHT DE-1a fid 83.00 bkl Choi, Eun Chul verfasserin aut The willingness to pay for removing the microplastics in the ocean – The case of Seoul metropolitan area, South Korea 2018 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Microplastics - small plastic particles with less than 5 mm in diameter – in the ocean have become major social concerns among people since it has been found not only harmful to the marine eco-system but also human health. Then, there is an increase in the social demand for appropriate policy by the government. To prepare appropriate countermeasures, it is essential to estimate the environmental damage cost of microplastics in the ocean in advance. Therefore, this study estimates willingness to pay of residents in Seoul metropolitan area in South Korea for removing the microplastics to provide the quantitative information of the environmental damage cost of microplastics in the ocean. This study employed one-and-one-half-bound dichotomous choice with spike model to collect the WTP responses data. To deal with the outliers, we assumed that the distribution of WTP is the contaminated normal distribution, which is heavy-tailed in comparison to normal distribution used in previous studies. In addition, to deal with the numerous zero WTP responses, this study employs the Bayesian censoring regression with data augmentation method. The estimate of the average yearly WTP is KRW 2845.6 (USD 2.59). Additionally, total WTP of households in Seoul metropolitan area was KRW 10.8 billion (USD 9.80 million) annually. Microplastics One-and-one-half-bound dichotomous choice Bayesian Censoring Method with Data Augmentation Lee, Joo Suk verfasserin aut Enthalten in Marine policy Amsterdam [u.a.] : Elsevier Science, 1977 93, Seite 93-100 Online-Ressource (DE-627)306661209 (DE-600)1500650-5 (DE-576)081986793 0308-597X nnns volume:93 pages:93-100 GBV_USEFLAG_U SYSFLAG_U GBV_ELV FID-INTRECHT GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_224 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2336 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4313 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4393 83.00 Volkswirtschaft: Allgemeines AR 93 93-100 |
spelling |
10.1016/j.marpol.2018.03.015 doi (DE-627)ELV001569465 (ELSEVIER)S0308-597X(17)30480-3 DE-627 ger DE-627 rda eng 550 DE-600 INTRECHT DE-1a fid 83.00 bkl Choi, Eun Chul verfasserin aut The willingness to pay for removing the microplastics in the ocean – The case of Seoul metropolitan area, South Korea 2018 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Microplastics - small plastic particles with less than 5 mm in diameter – in the ocean have become major social concerns among people since it has been found not only harmful to the marine eco-system but also human health. Then, there is an increase in the social demand for appropriate policy by the government. To prepare appropriate countermeasures, it is essential to estimate the environmental damage cost of microplastics in the ocean in advance. Therefore, this study estimates willingness to pay of residents in Seoul metropolitan area in South Korea for removing the microplastics to provide the quantitative information of the environmental damage cost of microplastics in the ocean. This study employed one-and-one-half-bound dichotomous choice with spike model to collect the WTP responses data. To deal with the outliers, we assumed that the distribution of WTP is the contaminated normal distribution, which is heavy-tailed in comparison to normal distribution used in previous studies. In addition, to deal with the numerous zero WTP responses, this study employs the Bayesian censoring regression with data augmentation method. The estimate of the average yearly WTP is KRW 2845.6 (USD 2.59). Additionally, total WTP of households in Seoul metropolitan area was KRW 10.8 billion (USD 9.80 million) annually. Microplastics One-and-one-half-bound dichotomous choice Bayesian Censoring Method with Data Augmentation Lee, Joo Suk verfasserin aut Enthalten in Marine policy Amsterdam [u.a.] : Elsevier Science, 1977 93, Seite 93-100 Online-Ressource (DE-627)306661209 (DE-600)1500650-5 (DE-576)081986793 0308-597X nnns volume:93 pages:93-100 GBV_USEFLAG_U SYSFLAG_U GBV_ELV FID-INTRECHT GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_224 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2336 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4313 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4393 83.00 Volkswirtschaft: Allgemeines AR 93 93-100 |
allfields_unstemmed |
10.1016/j.marpol.2018.03.015 doi (DE-627)ELV001569465 (ELSEVIER)S0308-597X(17)30480-3 DE-627 ger DE-627 rda eng 550 DE-600 INTRECHT DE-1a fid 83.00 bkl Choi, Eun Chul verfasserin aut The willingness to pay for removing the microplastics in the ocean – The case of Seoul metropolitan area, South Korea 2018 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Microplastics - small plastic particles with less than 5 mm in diameter – in the ocean have become major social concerns among people since it has been found not only harmful to the marine eco-system but also human health. Then, there is an increase in the social demand for appropriate policy by the government. To prepare appropriate countermeasures, it is essential to estimate the environmental damage cost of microplastics in the ocean in advance. Therefore, this study estimates willingness to pay of residents in Seoul metropolitan area in South Korea for removing the microplastics to provide the quantitative information of the environmental damage cost of microplastics in the ocean. This study employed one-and-one-half-bound dichotomous choice with spike model to collect the WTP responses data. To deal with the outliers, we assumed that the distribution of WTP is the contaminated normal distribution, which is heavy-tailed in comparison to normal distribution used in previous studies. In addition, to deal with the numerous zero WTP responses, this study employs the Bayesian censoring regression with data augmentation method. The estimate of the average yearly WTP is KRW 2845.6 (USD 2.59). Additionally, total WTP of households in Seoul metropolitan area was KRW 10.8 billion (USD 9.80 million) annually. Microplastics One-and-one-half-bound dichotomous choice Bayesian Censoring Method with Data Augmentation Lee, Joo Suk verfasserin aut Enthalten in Marine policy Amsterdam [u.a.] : Elsevier Science, 1977 93, Seite 93-100 Online-Ressource (DE-627)306661209 (DE-600)1500650-5 (DE-576)081986793 0308-597X nnns volume:93 pages:93-100 GBV_USEFLAG_U SYSFLAG_U GBV_ELV FID-INTRECHT GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_224 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2336 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4313 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4393 83.00 Volkswirtschaft: Allgemeines AR 93 93-100 |
allfieldsGer |
10.1016/j.marpol.2018.03.015 doi (DE-627)ELV001569465 (ELSEVIER)S0308-597X(17)30480-3 DE-627 ger DE-627 rda eng 550 DE-600 INTRECHT DE-1a fid 83.00 bkl Choi, Eun Chul verfasserin aut The willingness to pay for removing the microplastics in the ocean – The case of Seoul metropolitan area, South Korea 2018 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Microplastics - small plastic particles with less than 5 mm in diameter – in the ocean have become major social concerns among people since it has been found not only harmful to the marine eco-system but also human health. Then, there is an increase in the social demand for appropriate policy by the government. To prepare appropriate countermeasures, it is essential to estimate the environmental damage cost of microplastics in the ocean in advance. Therefore, this study estimates willingness to pay of residents in Seoul metropolitan area in South Korea for removing the microplastics to provide the quantitative information of the environmental damage cost of microplastics in the ocean. This study employed one-and-one-half-bound dichotomous choice with spike model to collect the WTP responses data. To deal with the outliers, we assumed that the distribution of WTP is the contaminated normal distribution, which is heavy-tailed in comparison to normal distribution used in previous studies. In addition, to deal with the numerous zero WTP responses, this study employs the Bayesian censoring regression with data augmentation method. The estimate of the average yearly WTP is KRW 2845.6 (USD 2.59). Additionally, total WTP of households in Seoul metropolitan area was KRW 10.8 billion (USD 9.80 million) annually. Microplastics One-and-one-half-bound dichotomous choice Bayesian Censoring Method with Data Augmentation Lee, Joo Suk verfasserin aut Enthalten in Marine policy Amsterdam [u.a.] : Elsevier Science, 1977 93, Seite 93-100 Online-Ressource (DE-627)306661209 (DE-600)1500650-5 (DE-576)081986793 0308-597X nnns volume:93 pages:93-100 GBV_USEFLAG_U SYSFLAG_U GBV_ELV FID-INTRECHT GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_224 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2336 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4313 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4393 83.00 Volkswirtschaft: Allgemeines AR 93 93-100 |
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10.1016/j.marpol.2018.03.015 doi (DE-627)ELV001569465 (ELSEVIER)S0308-597X(17)30480-3 DE-627 ger DE-627 rda eng 550 DE-600 INTRECHT DE-1a fid 83.00 bkl Choi, Eun Chul verfasserin aut The willingness to pay for removing the microplastics in the ocean – The case of Seoul metropolitan area, South Korea 2018 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Microplastics - small plastic particles with less than 5 mm in diameter – in the ocean have become major social concerns among people since it has been found not only harmful to the marine eco-system but also human health. Then, there is an increase in the social demand for appropriate policy by the government. To prepare appropriate countermeasures, it is essential to estimate the environmental damage cost of microplastics in the ocean in advance. Therefore, this study estimates willingness to pay of residents in Seoul metropolitan area in South Korea for removing the microplastics to provide the quantitative information of the environmental damage cost of microplastics in the ocean. This study employed one-and-one-half-bound dichotomous choice with spike model to collect the WTP responses data. To deal with the outliers, we assumed that the distribution of WTP is the contaminated normal distribution, which is heavy-tailed in comparison to normal distribution used in previous studies. In addition, to deal with the numerous zero WTP responses, this study employs the Bayesian censoring regression with data augmentation method. The estimate of the average yearly WTP is KRW 2845.6 (USD 2.59). Additionally, total WTP of households in Seoul metropolitan area was KRW 10.8 billion (USD 9.80 million) annually. Microplastics One-and-one-half-bound dichotomous choice Bayesian Censoring Method with Data Augmentation Lee, Joo Suk verfasserin aut Enthalten in Marine policy Amsterdam [u.a.] : Elsevier Science, 1977 93, Seite 93-100 Online-Ressource (DE-627)306661209 (DE-600)1500650-5 (DE-576)081986793 0308-597X nnns volume:93 pages:93-100 GBV_USEFLAG_U SYSFLAG_U GBV_ELV FID-INTRECHT GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_224 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2336 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4313 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4393 83.00 Volkswirtschaft: Allgemeines AR 93 93-100 |
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Choi, Eun Chul |
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the willingness to pay for removing the microplastics in the ocean – the case of seoul metropolitan area, south korea |
title_auth |
The willingness to pay for removing the microplastics in the ocean – The case of Seoul metropolitan area, South Korea |
abstract |
Microplastics - small plastic particles with less than 5 mm in diameter – in the ocean have become major social concerns among people since it has been found not only harmful to the marine eco-system but also human health. Then, there is an increase in the social demand for appropriate policy by the government. To prepare appropriate countermeasures, it is essential to estimate the environmental damage cost of microplastics in the ocean in advance. Therefore, this study estimates willingness to pay of residents in Seoul metropolitan area in South Korea for removing the microplastics to provide the quantitative information of the environmental damage cost of microplastics in the ocean. This study employed one-and-one-half-bound dichotomous choice with spike model to collect the WTP responses data. To deal with the outliers, we assumed that the distribution of WTP is the contaminated normal distribution, which is heavy-tailed in comparison to normal distribution used in previous studies. In addition, to deal with the numerous zero WTP responses, this study employs the Bayesian censoring regression with data augmentation method. The estimate of the average yearly WTP is KRW 2845.6 (USD 2.59). Additionally, total WTP of households in Seoul metropolitan area was KRW 10.8 billion (USD 9.80 million) annually. |
abstractGer |
Microplastics - small plastic particles with less than 5 mm in diameter – in the ocean have become major social concerns among people since it has been found not only harmful to the marine eco-system but also human health. Then, there is an increase in the social demand for appropriate policy by the government. To prepare appropriate countermeasures, it is essential to estimate the environmental damage cost of microplastics in the ocean in advance. Therefore, this study estimates willingness to pay of residents in Seoul metropolitan area in South Korea for removing the microplastics to provide the quantitative information of the environmental damage cost of microplastics in the ocean. This study employed one-and-one-half-bound dichotomous choice with spike model to collect the WTP responses data. To deal with the outliers, we assumed that the distribution of WTP is the contaminated normal distribution, which is heavy-tailed in comparison to normal distribution used in previous studies. In addition, to deal with the numerous zero WTP responses, this study employs the Bayesian censoring regression with data augmentation method. The estimate of the average yearly WTP is KRW 2845.6 (USD 2.59). Additionally, total WTP of households in Seoul metropolitan area was KRW 10.8 billion (USD 9.80 million) annually. |
abstract_unstemmed |
Microplastics - small plastic particles with less than 5 mm in diameter – in the ocean have become major social concerns among people since it has been found not only harmful to the marine eco-system but also human health. Then, there is an increase in the social demand for appropriate policy by the government. To prepare appropriate countermeasures, it is essential to estimate the environmental damage cost of microplastics in the ocean in advance. Therefore, this study estimates willingness to pay of residents in Seoul metropolitan area in South Korea for removing the microplastics to provide the quantitative information of the environmental damage cost of microplastics in the ocean. This study employed one-and-one-half-bound dichotomous choice with spike model to collect the WTP responses data. To deal with the outliers, we assumed that the distribution of WTP is the contaminated normal distribution, which is heavy-tailed in comparison to normal distribution used in previous studies. In addition, to deal with the numerous zero WTP responses, this study employs the Bayesian censoring regression with data augmentation method. The estimate of the average yearly WTP is KRW 2845.6 (USD 2.59). Additionally, total WTP of households in Seoul metropolitan area was KRW 10.8 billion (USD 9.80 million) annually. |
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title_short |
The willingness to pay for removing the microplastics in the ocean – The case of Seoul metropolitan area, South Korea |
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up_date |
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