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Assessing the economic value of a world heritage site and willingness-to-pay determinants: A case of Changdeok Palace

โœ Scribed by Samuel Seongseop Kim; Kevin K.F. Wong; Min Cho

Book ID
108286842
Publisher
Elsevier Science
Year
2007
Tongue
English
Weight
136 KB
Volume
28
Category
Article
ISSN
0261-5177

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โœ Bernard van den Berg; Han Bleichrodt; Louis Eeckhoudt ๐Ÿ“‚ Article ๐Ÿ“… 2005 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 162 KB ๐Ÿ‘ 1 views

We provide a new test of the feasibility of using contingent valuation to value informal care. We start with a theoretical model of informal caregiving and derive that willingness to pay depends positively on wealth and negatively on own health, whereas the effect of other's health is sign-ambiguous