The purpose of this study was to estimate economic value of Expo Science Park that is characterized by its non-market goods. The Expo Park has been transformed into a science park. This is a good place to spend a day or two investigating the pavilio...
The purpose of this study was to estimate economic value of Expo Science Park that is characterized by its non-market goods. The Expo Park has been transformed into a science park. This is a good place to spend a day or two investigating the pavilions that remain form Expo '93. The pavilions range from fairly didactic displays to some really exciting SF simulations. For the purpose of this study Contingent Valuation Method(CVM) for the non-use value as Hicksian equivalent variation was used to measure economic surplus of Expo Science Park that is offering public goods. The off-site survey was conducted in October 2002 and was primarily designed to measure any nonuse economic values associated with Expo Science Park. The survey instrument were mailed to a random sample of 150 Daejon residents following the total design method of Dillman(1978). The values estimated by CVM was appeared 1,287,484 Won per year.