Cost-Benefit Analysis of the protection of Malleefowl in the Lachlan Catchment

Tertius Greyling and Jeffrey Bennett

No 107849, Research Reports from Australian National University, Environmental Economics Research Hub

Abstract: 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 stage. Furthermore, greater gains may be achieved by addressing the numerous threats facing the species and its habitat. The increased cost of such an investment may be more than offset by the gains in benefits due to relatively conservative assumptions associated with the benefit calculations in the BCA.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 21
Date: 2011-03
New Economics Papers: this item is included in nep-env and nep-ppm
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/107849/files/EERH_RR99.pdf (application/pdf)

Related works:
Working Paper: Cost-Benefit Analysis of the Protection of Malleefowl in the Lachlan Catchment (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:eerhrr:107849

DOI: 10.22004/ag.econ.107849

Access Statistics for this paper

More papers in Research Reports from Australian National University, Environmental Economics Research Hub Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().