Accessing the Economic Value of Natural Snows in Ski Resort Using Contingent Valuation Method
Abstract
The purposes of this study are to estimate an individual’s probability of willingness to pay tax for preservation of the snows ski resorts in South Korea by using the CVM; and to present the effects of 4Es of the Experience economy theory in the experience economy theory. Truncated mean WTP indicates that the economic value of the natural snows of ski resort in Korea is 172 won (about 17 U.S cents) per household, which is a preservation value. Hence, in the practical perspective, policy makers are able to determine whether they should consistently develop and invest on the preparing for the climate change in the ski resort or not.
References
[1] Beniston, M. 2003. Climatic change in mountain regions: a review of possible impacts. In Climate variability and change in high elevation regions: Past, present & future (pp. 5-31). Springer, Dordrecht.
[2] Bishop, R. C. and Heberlein, T. A. 1979. Measuring values of extra market goods: Are indirect measures biased? American journal of agricultural economics, 61(5): 926-930.
[3] Cho, R. N. 2009. Impacts of Climate Change on Winter Tourism Industry: The Current Research Trend in Foreign Countries. Journal of climate research, 4(2): 118-127.
[4] Elsasser, H., and Bürki, R. 2002. Climate change as a threat to tourism in the Alps. Climate research, 20(3): 253-257.
[5] Gelo, D. and Koch, S. F. 2015. Contingent valuation of community forestry programs in Ethiopia: Controlling for preference anomalies in double-bounded CVM. Ecological Economics, 114: 79-89.
[6] Hamilton, J. M. and Lau, M. 2005. The role of climate information in tourist destination choice decision-making. In S. G€osslingandC. M. Hall (Eds.), Tourism and global environmental change. London: Routledge.
[7] Hamilton, J. M. and Tol, R. S. J. 2007. The impact of climate change on tourism in Germany, the UK and Ireland: a simulation study. Regional Environmental Change, 7(3): 161-172.
[8] Hanemann, W. M. 1984. Welfare evaluation in contingent valuation experiments with discrete responses. American Journal of Agricultural Economics, 66(3): 332-341.
[9] Koenig, U. and Abegg, B. 1997. Impacts of climate change on winter tourism in the Swiss Alps. Journal of sustainable tourism, 5(1): 46-58.
[10] Kozak, N., Uysal, M. and Birkan, I. 2008. An analysis of cities based on tourism supply and climatic conditions in Turkey. Tourism Geographies, 10(1): 81-97.
[11] Lee, C. K. and Han, S. Y. 2002. Estimating the use and preservation values of national parks' tourism resources using a contingent valuation method. Tourism Management, 23(5): 531-540.
[12] Lee, C. K. and Mjelde, J. W. 2007. Valuation of ecotourism resources using a contingent valuation method: The case of the Korean DMZ. Ecological Economics, 63(2～3): 511-520.
[13] Nam, S., Park, S. E. and Shin, H. C. 2015. Accessing the economic value of night view of bridge using contingent valuation method: the case of South Korea’s Han-River bridge. International Journal of Culture, Tourism and Hospitality Research, 9(3): 360-370.
[14] Rubinfeld, D. L. 1987. Thie economics of the local public sector. In Handbook of public economics (Vol. 2, pp. 571-645). Elsevier.
[15] Scott, D. and Jones, B. 2007. A regional comparison of the implications of climate change of the golf industry in Canada. The Canadian Geographer, 51: 219-232
[16] Scott, D. and Lemieux, C. 2010. Weather and climate information for tourism. Procedia Environmental Sciences, 1: 146-183.
[17] Scott, D. and McBoyle, G. 2007. Climate change adaptation in the ski industry. Mitigation and adaptation strategies for global change, 12(8), 1411.
[18] Scott, D., Jones, B. and Konopek, J. 2008. Exploring the impact of climate-induced environmental changes on future visitation to Canada's Rocky Mountain National Parks. Tourism Review International, 12(1): 43-56.
[19] Seller, C., Stoll, J. R. and Chavas, J. P. 1985. Validation of empirical measures of welfare change: a comparison of nonmarket techniques. Land economics, 61(2): 156-175.
[20] Shih, C., Nicholls, S. and Holecek, D. 2009. Impact of weather on Downhill ski lift ticket sales. Journal of Travel Research, 47(3): 359-372.
[21] IPCC (2013). Climate Change 2013: The Physical Science Basis. Contribution of Working Group I to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change [Stocker, T.F., D. Qin, G.-K. Plattner, M. Tignor, S.K. Allen, J. Boschung, A. Nauels, Y. Xia, V. Bex and P.M. Midgley (eds.)]. Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA, 1535.
[22] MCST (2009). Guideline for the Low Carbon Green Tourism Resources Development, Report of the Ministry of Culture, Sports, and Tourism, 39.
[23] UNWTO & UNEP (2008). Climate Change and Tourism: Responding to Global Challenges, UNWTO, Madrid.
[2] Bishop, R. C. and Heberlein, T. A. 1979. Measuring values of extra market goods: Are indirect measures biased? American journal of agricultural economics, 61(5): 926-930.
[3] Cho, R. N. 2009. Impacts of Climate Change on Winter Tourism Industry: The Current Research Trend in Foreign Countries. Journal of climate research, 4(2): 118-127.
[4] Elsasser, H., and Bürki, R. 2002. Climate change as a threat to tourism in the Alps. Climate research, 20(3): 253-257.
[5] Gelo, D. and Koch, S. F. 2015. Contingent valuation of community forestry programs in Ethiopia: Controlling for preference anomalies in double-bounded CVM. Ecological Economics, 114: 79-89.
[6] Hamilton, J. M. and Lau, M. 2005. The role of climate information in tourist destination choice decision-making. In S. G€osslingandC. M. Hall (Eds.), Tourism and global environmental change. London: Routledge.
[7] Hamilton, J. M. and Tol, R. S. J. 2007. The impact of climate change on tourism in Germany, the UK and Ireland: a simulation study. Regional Environmental Change, 7(3): 161-172.
[8] Hanemann, W. M. 1984. Welfare evaluation in contingent valuation experiments with discrete responses. American Journal of Agricultural Economics, 66(3): 332-341.
[9] Koenig, U. and Abegg, B. 1997. Impacts of climate change on winter tourism in the Swiss Alps. Journal of sustainable tourism, 5(1): 46-58.
[10] Kozak, N., Uysal, M. and Birkan, I. 2008. An analysis of cities based on tourism supply and climatic conditions in Turkey. Tourism Geographies, 10(1): 81-97.
[11] Lee, C. K. and Han, S. Y. 2002. Estimating the use and preservation values of national parks' tourism resources using a contingent valuation method. Tourism Management, 23(5): 531-540.
[12] Lee, C. K. and Mjelde, J. W. 2007. Valuation of ecotourism resources using a contingent valuation method: The case of the Korean DMZ. Ecological Economics, 63(2～3): 511-520.
[13] Nam, S., Park, S. E. and Shin, H. C. 2015. Accessing the economic value of night view of bridge using contingent valuation method: the case of South Korea’s Han-River bridge. International Journal of Culture, Tourism and Hospitality Research, 9(3): 360-370.
[14] Rubinfeld, D. L. 1987. Thie economics of the local public sector. In Handbook of public economics (Vol. 2, pp. 571-645). Elsevier.
[15] Scott, D. and Jones, B. 2007. A regional comparison of the implications of climate change of the golf industry in Canada. The Canadian Geographer, 51: 219-232
[16] Scott, D. and Lemieux, C. 2010. Weather and climate information for tourism. Procedia Environmental Sciences, 1: 146-183.
[17] Scott, D. and McBoyle, G. 2007. Climate change adaptation in the ski industry. Mitigation and adaptation strategies for global change, 12(8), 1411.
[18] Scott, D., Jones, B. and Konopek, J. 2008. Exploring the impact of climate-induced environmental changes on future visitation to Canada's Rocky Mountain National Parks. Tourism Review International, 12(1): 43-56.
[19] Seller, C., Stoll, J. R. and Chavas, J. P. 1985. Validation of empirical measures of welfare change: a comparison of nonmarket techniques. Land economics, 61(2): 156-175.
[20] Shih, C., Nicholls, S. and Holecek, D. 2009. Impact of weather on Downhill ski lift ticket sales. Journal of Travel Research, 47(3): 359-372.
[21] IPCC (2013). Climate Change 2013: The Physical Science Basis. Contribution of Working Group I to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change [Stocker, T.F., D. Qin, G.-K. Plattner, M. Tignor, S.K. Allen, J. Boschung, A. Nauels, Y. Xia, V. Bex and P.M. Midgley (eds.)]. Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA, 1535.
[22] MCST (2009). Guideline for the Low Carbon Green Tourism Resources Development, Report of the Ministry of Culture, Sports, and Tourism, 39.
[23] UNWTO & UNEP (2008). Climate Change and Tourism: Responding to Global Challenges, UNWTO, Madrid.
Published
2021-06-06
How to Cite
HEO, Jaewan; NAM, Seungmin.
Accessing the Economic Value of Natural Snows in Ski Resort Using Contingent Valuation Method.
Journal of Environmental Management and Tourism, [S.l.], v. 12, n. 3, p. 775-781, june 2021.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/6119>. Date accessed: 22 dec. 2024.
doi: https://doi.org/10.14505//jemt.12.3(51).16.
Section
Article
Copyright© 2024 The Author(s). Published by ASERS Publishing 2024. This is an open access article distributed under the terms of CC-BY 4.0 license.