The yellow floating heart is a water weed causing nuisance problems in Swedish watercourses. An economic analysis where various management options are considered is required. Using a choice experiment, we estimate the benefits of a weed-management program and perform a cost-benefit analysis. In order to be able to distinguish between those who have a demand for a program from those who do not, we introduce a way to distinguish demanders from non-demanders in the choice experiments. Using a simple cost-benefit rule, we find that cutting the weed in certain places in the lake can be justified.
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Article provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 84 (2008) Issue (Month): 3 () Pages: 517-528 Download reference. The following formats are available: HTML,
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Find related papers by JEL classification: Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
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