Table 6. Summary of economic values identified in the literature.
Value pathway (per person) | Economic value estimate | Reference |
---|---|---|
Willingness to pay to avoid illness | $20.70–$64.43 | Machado & Mourato (2002) |
Loss of beach trips | $2.51–$19.71 | McConnell & Tseng (1999) |
Value of beach closure | $4.35–$7.96 | McConnell & Tseng (1999) |
Value of beach closure | $0.00–$24.46 | Parsons, Massey & Tomasi (1999) |
Loss of beach trips | $40.02 | Murray, Sohngen & Pendleton (2001) |