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 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...
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| Format: | Article |
| Language: | English |
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Universiti Putra Malaysia Press
2005
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| Online Access: | http://ir.unimas.my/id/eprint/18544/ http://ir.unimas.my/id/eprint/18544/7/Use%20of%20Dichotomous%20Choice%20Contingent%20Valuation%20Method%20%28abstract%29.pdf |
| _version_ | 1848838536380284928 |
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| author | Alias, Radam Shazali, Abu Mansor |
| author_facet | Alias, Radam Shazali, Abu Mansor |
| author_sort | Alias, Radam |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T06:57:07Z |
| format | Article |
| id | unimas-18544 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:57:07Z |
| publishDate | 2005 |
| publisher | Universiti Putra Malaysia Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-185442017-11-22T07:02:56Z http://ir.unimas.my/id/eprint/18544/ Use of Dichotomous Choice Contingent Valuation Method to Value the Manukan Island, Sabah Alias, Radam Shazali, Abu Mansor HB Economic Theory 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. Universiti Putra Malaysia Press 2005 Article PeerReviewed text en http://ir.unimas.my/id/eprint/18544/7/Use%20of%20Dichotomous%20Choice%20Contingent%20Valuation%20Method%20%28abstract%29.pdf 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 |
| spellingShingle | HB Economic Theory Alias, Radam Shazali, Abu Mansor 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 |
| topic | HB Economic Theory |
| url | http://ir.unimas.my/id/eprint/18544/ http://ir.unimas.my/id/eprint/18544/7/Use%20of%20Dichotomous%20Choice%20Contingent%20Valuation%20Method%20%28abstract%29.pdf |