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Public willingness to pay for chemical regulation in South Korea: the case of restriction on arsenic use

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Listed:
  • So-Yeon Park

    (National Institute of Environmental Research)

  • Changeun Park

    (Kyung Hee University)

  • Jungkwan Seo

    (National Institute of Environmental Research)

  • Jungwoo Shin

    (Kyung Hee University)

Abstract

Regulations on chemicals aim to protect public health and the environment. However, owing to the nature of this chemical, it is difficult to determine its impact pathway. Thus, it is difficult to investigate the damage caused by chemicals. However, it is essential to evaluate the costs and benefits of chemicals to establish reasonable chemical regulations. Therefore, this study analyzes the benefits of strengthening the regulation of chemical substances in Korea using the conditional valuation method. In particular, this study evaluated the public benefit of the chemical regulation of arsenic, which is a carcinogen. Data were collected from 1000 households in Korea, and a one-and-one-half-bound dichotomous choice spike model was used. The results show that the average annual willingness to pay for additional income tax payments over 10 years to reduce the incidence of arsenic-related diseases is 4314 Korean won (3.67 USD), with 57.5% of households refusing to pay. Additional analysis indicates that females are more willing to pay, and a higher education level, knowledge of arsenic, and experience in using arsenic-free products and hand sanitizers lead to a higher willingness to pay. The results of this study can be used to establish an efficient level of arsenic regulations and determine their effect on the related market.

Suggested Citation

  • So-Yeon Park & Changeun Park & Jungkwan Seo & Jungwoo Shin, 2025. "Public willingness to pay for chemical regulation in South Korea: the case of restriction on arsenic use," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(5), pages 11509-11526, May.
    • Handle: RePEc:spr:endesu:v:27:y:2025:i:5:d:10.1007_s10668-023-04367-7
    DOI: 10.1007/s10668-023-04367-7
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    References listed on IDEAS

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    1. W. Michael Hanemann, 1989. "Welfare Evaluations in Contingent Valuation Experiments with Discrete Response Data: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(4), pages 1057-1061.
    2. S. V. Ciriacy-Wantrup, 1947. "Capital Returns from Soil-Conservation Practices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 29(4_Part_II), pages 1181-1196.
    3. W. Michael Hanemann, 1984. "Welfare Evaluations in Contingent Valuation Experiments with Discrete Responses," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(3), pages 332-341.
    4. Merina Ghosh & Dilip Kumar Pal & Subhash Chandra Santra, 2020. "Spatial mapping and modeling of arsenic contamination of groundwater and risk assessment through geospatial interpolation technique," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(4), pages 2861-2880, April.
    5. Sudipta Ghosh (Nath) & Anupam Debsarkar & Amit Dutta & Subhrajyoti Bhandary & Deepak Chopra, 2021. "Delivering Arsenic-free Drinking Water-Made Practically Possible: Continuous Scale Electrochemical Arsenic Remediation Process Furnished, based on Experimental Studies and ANN Simulation," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(9), pages 13087-13112, September.
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