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Benefit cost analysis for weed risk assessment in natural environments: full analysis, partial analysis or rules of thumb?

Doreen Odom, Jack Alfred Sinden

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Benefit-cost analysis is a method to measure the economic desirability of an activity, project or policy to the community as a whole. Issues in the application of the method to the management of weeds in natural environments are identified from a review of past applications. Opportunities are also identified from the review and the requirements for effective benefit-cost analysis. The valuation of benefits, and the treatment of risks, appears to be major areas for development - despite the advances in these areas over recent years. There is a need for production functions to relate weed spread to the outputs of natural environments, and the relevance of partial analyses appears to warrant examination.
Original languageEnglish
Title of host publication14th Australian Weeds Conference Papers and Proceedings: Weed Management - Balancing People, Planet, Profit
EditorsBM Sindel, SB Johnson
Place of PublicationWahroonga, Australia
PublisherWeed Society of New South Wales
Pages584-587
ISBN (Print)0975248804, 0975248812
Publication statusPublished - 2004
Event14AWC: 14th Australian Weeds Conference - Wagga Wagga, Australia
Duration: 6 Sept 20049 Sept 2004

Conference

Conference14AWC: 14th Australian Weeds Conference
CityWagga Wagga, Australia
Period6/09/049/09/04

Keywords

  • Environment and Resource Economics

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