Contingent Valuation Technique for Sustainability of Marine Protected Area in Hokkaido
VerifiedAI Summary
Utilizing Contingent Valuation Technique to assess the sustainability of developing a new Marine Protected Area (MPA) in Hokkaido. Analysis of data collected by the Ministry of Environment in Japan. Single-Bounded Dichotomous Choice Model (SBDC) and Double-Bounded Dichotomous Model (DBDC) used to estimate willingness to pay (WTP) for MPA. Results show older people and females are less willing to pay for MPA.