Willingness to Pay for Improving the Residential Waste Disposal System in Korea: A Choice Experiment Study |
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Authors: | Se-Ju Ku Seung-Hoon Yoo Seung-Jun Kwak |
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Institution: | (1) Department of Economics, Korea University, 5-1 Anam-Dong, Sungbuk-Ku, Seoul, 136-701, Republic of Korea;(2) Department of International Area Studies, Hoseo University, 268 Anseo-Dong, Dongnam-Ku Cheonan, Chungnam, 330-713, Republic of Korea |
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Abstract: | This study attempts to apply choice experiments with regard to the residential waste disposal system (RWDS) in Korea by considering
various attributes that are related to RWDS. Using data from a survey conducted on 492 households, the empirical analysis
yields estimates of the willingness to pay for a clean food-waste collection facility, the collection of small items (such
as obsolete mobile phones and add-ons for personal computers), and a more convenient large waste disposal system. The estimation
results of multinomial logit models are quite similar to those of nested logit models. The results reveal that residents have
preferences for the cleanliness of facilities and the collection of small items. In Korea, residents are required to purchase
and attach stickers for the disposal of large items; they want to be able to obtain stickers at not only village offices but
also supermarkets. On the other hand, the frequency of waste collection is not a significant factor in the choice of the improved
waste management program.
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Keywords: | Waste disposal system Choice experiment Multinomial logit model Nested logit model Willingness to pay |
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