Evaluating Economic Value of Coastal Waterfront in Tokyo Bay, Japan with Willingness-to-Accept Measure

Evaluating Economic Value of Coastal Waterfront in Tokyo Bay, Japan with Willingness-to-Accept Measure

Primary Country: Japan
Ecosystem: shores (rocky & beaches)
Sample Value Estimates:
  1. $576,446.35: The average WTA for the loss of the accessibility to the coastal waterfront is $576,446.35 per household, more than ten time the annual household income.
  2. $441,383.12: The median is $441,383.12,
  3. $4.75 trillion: Based on the viewpoint that the accessibility to the coastal waterfront and coastal environment are regarded as part of the residents' property rights, multiplying the mean WTA and WTP by the population, the TEV of Tokyo bay is estimated at $4.75 trillion in WTA and
  4. 4.75 billion : 4.75 billion in WTP
Methodology: Contingent Valuation
Data source: NOEP

Publication information

Zhai, Guofang Suzuki, Takeshi “Evaluating Economic Value of Coastal Waterfront in Tokyo Bay, Japan with Willingness-to-Accept Measure” Water Resources Management, 2009

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