Table 5

Welfare estimates

Un-truncated Poisson modelTruncated Poisson model
βRTTC−0.000040−0.00016
CS/visit per visitorRs 25,000 (US$ 384.61)*Rs 6,250 (US$96.15)*
Total annual consumer surplus of dal lake†Rs 5,000,000 (US$ 7,69,23.07)*Rs 1,250,000 (US$ 1,92,30.76)*

Note(s): βRTTC = Coefficient of round total travel cost

*1US$ = Rs 65, an average exchange rate during the survey period (July–October, 2017)

†Based on the sample of 200 visitors

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