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 language | English |
|---|---|
| Title of host publication | 14th Australian Weeds Conference Papers and Proceedings: Weed Management - Balancing People, Planet, Profit |
| Editors | BM Sindel, SB Johnson |
| Place of Publication | Wahroonga, Australia |
| Publisher | Weed Society of New South Wales |
| Pages | 584-587 |
| ISBN (Print) | 0975248804, 0975248812 |
| Publication status | Published - 2004 |
| Event | 14AWC: 14th Australian Weeds Conference - Wagga Wagga, Australia Duration: 6 Sept 2004 → 9 Sept 2004 |
Conference
| Conference | 14AWC: 14th Australian Weeds Conference |
|---|---|
| City | Wagga Wagga, Australia |
| Period | 6/09/04 → 9/09/04 |
Keywords
- Environment and Resource Economics
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