Table 1.
Area, increase in lake levels, net benefits, and benefit–cost ratio for the physical and social extent of the market with an 11.7% (31.1%) ESE with a 7-y lag in development for in situ water management
| Market extent assumption | Area (1,000 ha) | Increase in cumulative dry-season lake levels, cm | Total net benefit ($1,000) | Benefit–cost ratio | ||||
| Convertible land | ||||||||
| Full market extent | 116.52 | 6.04 | (16.00) | −41,737 | (−35,588) | 0.1 | (0.2) | |
| Voluntary participation assuming uniform marginal benefits across subwatersheds | 14.96 | (12.41) | 0.92 | (3.48) | 594 | (1,554) | 3.9 | (3.1) |
| Voluntary participation assuming uniform marginal benefits but differentiated marginal costs by subwatershed | 11.56 | (15.82) | 0.58 | (2.14) | 289 | (971) | 2.9 | (3.0) |
| Enrollable convertible land | ||||||||
| Full market extent | 16.06 | 0.87 | (2.31) | −5,730 | (−4,816) | 0.1 | (0.2) | |
| Voluntary participation assuming uniform marginal benefits across subwatersheds and undifferentiated marginal costs | 1.97 | (2.94) | 0.12 | (0.48) | 72 | (212) | 4.0 | (3.2) |
| Voluntary participation assuming uniform marginal benefits but differentiated marginal costs by subwatershed | 1.96 | (2.85) | 0.11 | (0.44) | 62 | (206) | 3.9 | (3.3) |
| Marginal benefits equal marginal cost by subwatershed | 1.84 | (2.98) | 0.11 | (0.48) | 63 | (213) | 4.9 | (2.8) |
| Convertible land in Chagres National Park | ||||||||
| All convertible land in Chagres National Park | 9.67 | 0.93 | (2.47) | |||||