Abstract

The purpose of this paper is to estimate the economic value of coastal beaches in Samcheok Maengbang of Kangwon Province. ITCM(Individual Travel Cost Method) is applied to estimate the economic value of its beaches using Poisson, negative binomial, truncated Poisson and truncated negative binomial models. The consumer surplus during length of stay per capita is estimated to be 173,790~203810 won in beaches, and the consumer surplus per person and per day 68,280~80,080 won. Annual total economic value of its beaches considering the number of visitors in beaches can be converted to be 65,516 million won.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call