Type of Values Estimated |
Option use values |
Monetary estimates |
Potential lagoon users (respondents who do not currently visit the island but plan to after the public works):
Mean WTP: 70.64; Median WTP: 33.28 |
Currency |
Euro (€) |
Currency's reference year |
2002 |
Equivalent to 2012 Euro |
Potential lagoon users (respondents who do not currently visit the island but plan to after the public works):
Mean WTP: 92.46; Median WTP: 43.56 |
Aggregate results (in Reference Year) |
Total benefits of households in the Veneto Region using WTP for Lagoon users & Potential lagoon users pooled subsample and Non-users subsample:
when mean WTP is used: €107,122,100 (s.e. 11,634,649);
when median WTP is used: €40,744,768 (s.e. 992,518). |