An attempt was made to obtain monetary values of the resource losses using the same method of the paired
comparisons. Respondents were asked to choose between a loss of resource and a loss of money. A considerable
number of respondents (about 48% in Ban Don Bay and 35% in Phangnga Bay) was not willing to make any tradeoff
between the resource loss and the monetary loss. This could be because the amount of money included in the
study was too low, or it could be that respondents considered the resource losses to be much greater than any
amount of money. Based on the responses of those who were willing to make the trade-off, the monetary estimate
Damage Schedules for Thai Coastal Areas: An Alternative Approach to Assessing Environmental Values 5/15/03 12:26 PM
http://203.116.43.77/publications/research1/ACFC9.html Page 2 of 33for partial damage to mudflats in Ban Don Bay was 1,350 Baht. For Phangnga Bay, the estimate was 850 Baht for
partial damage to sandy beaches and 2,850 Baht for severe damage to sandy beaches. These monetary estimates
were agreeable with the importance of the resources indicated by the importance scales.