Use of Dichotomous Choice Contingent Valuation Method to Value the Manukan Island, Sabah

Alias, Radam and Shazali, Abu Mansor (2005) Use of Dichotomous Choice Contingent Valuation Method to Value the Manukan Island, Sabah. Pertanika Journal of Social Science and Humanities, 13 (1). pp. 1-8. ISSN 0128-7702

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Abstract

This study presents the application of dichotomous choice contingent valuation method (CVM) to value outdooors-recreational resources in Manukan Island, Sabah. Both the logit and probit models are used to analyse the primary data obtained through personal interview. The maximum likelihood estimates of this model show that income and proce are significant variables in determining one is willingness to pay (WTP). The WTP figure derived from the model shows that it is much higher than present fees charged to the the visitors. This study has also estimates the revenue that could be derived is the fees were charged according to the WTP framework.

Item Type: Article
Uncontrolled Keywords: Dichotomus contingent valuation method, outdoors-recreational resources, willingness to pay, Manukan Island, research, Universiti Malaysia Sarawak, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education
Subjects: H Social Sciences > HB Economic Theory
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: ROSSAZANA AB RAHIM
Date Deposited: 22 Nov 2017 07:02
Last Modified: 22 Nov 2017 07:02
URI: http://ir.unimas.my/id/eprint/18544

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