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The objective of this paper is to evaluated the economic value of seed potatoes cultured by hydroponic system at Jeju Agricultural Technology Bureau. For the evaluation, the dichotomous-choice contingent valuation method is used and adopted the Turnbull distribution-free model. The data used are collected from the interviews with potato farmers about willing-ness-to-pay at the various price levels of the seed-potatioes. The evaluation result shows that the average amount of willingness-to-pay for the seed-potatoes is 1,231 won per kilogram with standard deviation of 97.6 won/kg.


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Seed-Potatoes, Economic Evaluation, Dichotomous-Choice Contingent Valuation, Turnbull distribution-Free Model, Willingness-To-Pay