Evaluation of Coastal Environment Value Varying with Distance from Coast

Abstract

This study has proposed a model to evaluate coastal environment value varying with distance from coast, measured by WTP and WTW, and evaluated separately in each value; use value, option value, bequest value, vicarious value and existence value. The result indicates that both of WTP and WTW decrease with distance from coast, and that the values which increase with distance from coast are the option and the vicarious values in the WTP measure and the option, the bequest and the vicarious values in the WTW measure.