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Table 17.4 Weighted average storm protection value for a village by every km width of present mangroves and historical mangroves (in Rs.)

From: Valuing the Role of Mangroves in Storm Damage Reduction in Coastal Areas of Odisha

Value @ different valuation rates Value/km of present mangrove Value/km of hist. mangrove (coastal villages remaining) Value/km of hist. mangrove (coastal villages removed)
Value @ government compensation paid 46.55 68.69 72.9
Value @ revised government compensation for house damage 183.63 385.42 399.06
Value @ market price and VSL with ε = 0.35 3928.43 3761.4 4185.68
  1. Note: ε represents the income elasticity of marginal willingness to pay