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Cost-Benefit Analysis of the protection of Malleefowl in the Lachlan Catchment AgEcon
Greyling, Tertius; Bennett, Jeffrey W..
A cost-benefit analysis (CBA) of an investment in the protection of malleefowl and associated native vegetation in the Lachlan Catchment’s central-west yielded a benefit-cost ratio of 1.4. The CBA is based on project expenditures over the past four years coupled with benefit estimates from a recent Choice Modelling study in the Lachlan Catchment. The project targets the protection of malleefowl on private land which has not yet been surveyed but where the species is known to be present. The CBA is subject to significant uncertainty due to a lack of available data. Nonetheless, sensitivity analysis indicates that the BCR is consistently larger than unity, if marginal in some cases. This suggests that the project is a worthwhile investment at this early...
Tipo: Report Palavras-chave: Cost-benefit analysis; Benefit-cost ratio; Choice modelling; Malleefowl; Lachlan Catchment; Environmental Economics and Policy.
Ano: 2011 URL: http://purl.umn.edu/107849
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