Title: An Evaluation on the Local Bus System by using Contingent Valuation Method
Abstract: In a local city, bus system is one of the main and important public transportation. However, it will be difficult for the municipality to manage the bus system and to sustain the companies, which operate bus lines, because the deregulation is started since 2001. Here, we propose the method to evaluate not only the direct value for use but also the indirect value for use, the option value and the existence value of the bus system by using the Contingent Valuation Method. Through this research, we discussed on the possibility of sustaining the local bus system.