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Measuring the Economic Benefits of the Ozone Pollution Control Policy in Seoul: Results of a Contingent Valuation Survey

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  • Seung-Hoon Yoo

    (Institute of Economic Research, Korea University, 5-1 Anam-Dong, Sungbuk-Ku, Seoul 136-701, Korea, shyoa01@intizen.com)

  • Kyung-Suk Chae

    (Department of PubLic Policy, Hoseo University, 29-1 Sechul-Ri, Baebang-Myun, Asan, Chungnam, 336-195, Korea, kschae@office.hoseo.ac.kr)

Abstract

Controlling ozone pollution has become an increasingly important policy issue in developing countries such as Korea, as well as in developed countries. One response to this concern is to assess the benefits that would ensue from a proposed ozone pollution control policy. This paper applies a contingent valuation method to obtain at least a preliminary evaluation of the benefits of a policy, using a specific case study of Seoul, Korea. Respondents overall accepted the contingent market and were willing to contribute a significant amount, on average, per household. This willingness varies according to individual characteristics. The study also discusses the importance of including the ozone pollution control problem in a cost-benefit analysis and presents the policy implications of the results.

Suggested Citation

  • Seung-Hoon Yoo & Kyung-Suk Chae, 2001. "Measuring the Economic Benefits of the Ozone Pollution Control Policy in Seoul: Results of a Contingent Valuation Survey," Urban Studies, Urban Studies Journal Limited, vol. 38(1), pages 49-60, January.
    • Handle: RePEc:sae:urbstu:v:38:y:2001:i:1:p:49-60
    DOI: 10.1080/00420980020014802
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    Cited by:

    1. Won-Seok Lee & Seung-Hoon Yoo & Jeehyeong Kim, 2013. "Measuring the Economic Benefits of the Tap Water Supply Service in Urban Areas: The Case of Korea," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 27(2), pages 619-627, January.
    2. Seung-Jun Kwak & Seung-Hoon Yoo & Sang-Yong Han, 2003. "Estimating the Public's Value for Urban Forest in the Seoul Metropolitan Area of Korea: A Contingent Valuation Study," Urban Studies, Urban Studies Journal Limited, vol. 40(11), pages 2207-2221, October.
    3. Lee, Taehwee & Yeo, Gi-Tae & Thai, Vinh V., 2014. "Environmental efficiency analysis of port cities: Slacks-based measure data envelopment analysis approach," Transport Policy, Elsevier, vol. 33(C), pages 82-88.
    4. Lim, Hea-Jin & Yoo, Seung-Hoon, 2014. "Train travel passengers' willingness to pay to offset their CO2 emissions in Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 32(C), pages 526-531.
    5. Frédéric Salladarré & Dorothée Brécard & Sterenn Lucas & Pierrick Ollivier, 2016. "Are French consumers ready to pay a premium for eco-labeled seafood products? A contingent valuation estimation with heterogeneous anchoring," Agricultural Economics, International Association of Agricultural Economists, vol. 47(2), pages 247-258, March.
    6. Lim, Kyoung-Min & Lim, Seul-Ye & Yoo, Seung-Hoon, 2014. "Estimating the economic value of residential electricity use in the Republic of Korea using contingent valuation," Energy, Elsevier, vol. 64(C), pages 601-606.
    7. Yoo, Seung-Hoon & Kwak, So-Yoon, 2009. "Willingness to pay for green electricity in Korea: A contingent valuation study," Energy Policy, Elsevier, vol. 37(12), pages 5408-5416, December.
    8. Hye-Jeong Lee & Hyo-Jin Kim & Seung-Hoon Yoo, 2018. "The Public Willingness to Pay for Reducing the Incidence of Hazardous Chemical Spill Accidents by Half in South Korea," Sustainability, MDPI, vol. 10(8), pages 1-15, July.

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