Citation
Radam, Alias and Abu Mansor, Shazali
(2005)
Use of dichotomous choice contingent valuation method to value the Manukan Island, Sabah.
Pertanika Journal of Social Sciences & Humanities, 13 (1).
pp. 1-8.
ISSN 0128-7702; ESSN: 2231-8534
Abstract
This study presents the application of dichotomous choice contingent valuation method (CVM) to value outdoors-recreational resources in Manukan Island, Sabah. Both the logit and probit models are used to analyze the primary data obtained through personal interview. The maximum likelihood estimates of this model show that income and price are significant variables in determining one is willingness to pay (WfP). The WTP figure derived from the model shows that it is much higher than present fees charged to the visitors. This study has also estimated the revenue that could be derived is the fees were charged according to the WTP framework.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | Universiti Putra Malaysia Press |
| Keywords: | Dichotomus contingent valuation method; Outdoors-recreational resources; Willingness to pay; Manukan Island |
| Depositing User: | Nur Izyan Mohd Zaki |
| Date Deposited: | 30 Nov 2009 01:59 |
| Last Modified: | 14 Sep 2015 02:23 |
| URI: | http://psasir.upm.edu.my/id/eprint/3533 |
| Statistic Details: | View Download Statistic |
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