Table 4.
Total Beach Attendance and Consumer Surplus for the Bathing Season Based on Simulated Prediction Estimates.
Beach Name | Total Visitation | Season Value(a) (2016$) |
Season Value(b) (2016$) |
---|---|---|---|
Craigville | 90,354 | $1,986,884 | $4,299,043 |
Kalmus | 40,505 | $890,705 | $1,927,228 |
Keyes Memorial | 13,506 | $296,997 | $642,615 |
Veteran’s Park | 50,115 | $1,102,029 | $2,384,472 |
| |||
Total | 194,481 | $4,276,637 | $9,253,406 |
Note:
Indicates value using a policy application of consumer surplus of $21.99, the value of a beach with past closures. All four beaches had closures between 2011 and 2015.
Represents the value if all beaches were considered “pristine,” meaning no closure was posted from 2011 - 2015 due to bacterial contamination. This scenario uses the consumer surplus value of $47.58 to estimates aggregated value for the season.