Use of dichotomous choice contingent valuation method to value the Manukan Island, Sabah
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...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universiti Putra Malaysia Press
2005
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| Online Access: | http://psasir.upm.edu.my/id/eprint/3533/1/Use_of_Dichotomous_Choice_Contingent_Valuation_Method.pdf |
| _version_ | 1796966563203514368 |
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| author | Radam, Alias Abu Mansor, Shazali |
| author_facet | Radam, Alias Abu Mansor, Shazali |
| author_sort | Radam, Alias |
| collection | UPM |
| description | 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. |
| first_indexed | 2024-03-06T07:01:24Z |
| format | Article |
| id | upm.eprints-3533 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:01:24Z |
| publishDate | 2005 |
| publisher | Universiti Putra Malaysia Press |
| record_format | dspace |
| spelling | upm.eprints-35332015-09-14T02:23:40Z http://psasir.upm.edu.my/id/eprint/3533/ Use of dichotomous choice contingent valuation method to value the Manukan Island, Sabah Radam, Alias Abu Mansor, Shazali 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. Universiti Putra Malaysia Press 2005-03 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/3533/1/Use_of_Dichotomous_Choice_Contingent_Valuation_Method.pdf 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 http://www.pertanika.upm.edu.my/view_archives.php?journal=JSSH-13-1-3 |
| spellingShingle | Radam, Alias Abu Mansor, Shazali Use of dichotomous choice contingent valuation method to value the Manukan Island, Sabah |
| title | Use of dichotomous choice contingent valuation method to value the Manukan Island, Sabah |
| title_full | Use of dichotomous choice contingent valuation method to value the Manukan Island, Sabah |
| title_fullStr | Use of dichotomous choice contingent valuation method to value the Manukan Island, Sabah |
| title_full_unstemmed | Use of dichotomous choice contingent valuation method to value the Manukan Island, Sabah |
| title_short | Use of dichotomous choice contingent valuation method to value the Manukan Island, Sabah |
| title_sort | use of dichotomous choice contingent valuation method to value the manukan island sabah |
| url | http://psasir.upm.edu.my/id/eprint/3533/1/Use_of_Dichotomous_Choice_Contingent_Valuation_Method.pdf |
| work_keys_str_mv | AT radamalias useofdichotomouschoicecontingentvaluationmethodtovaluethemanukanislandsabah AT abumansorshazali useofdichotomouschoicecontingentvaluationmethodtovaluethemanukanislandsabah |