Håkansson, Cecilia
- Department of Forest Economics, Swedish University of Agricultural Sciences
Abstract
This paper presents a cost-benefit analysis (CBA) of a trade-off between salmon and hydropower production in the Ume/Vindel River, northern Sweden. A distinctive element of this analysis is that estimated changes in resource conditions are based on detailed river-specific data. A salmon population model was used to develop the scenario and a novel willingness to pay (WTP) question, which caters for uncertainty in a different manner, provided an interval estimate. Non-use values are the major contributors to the benefit (96-517 millions of Swedish kronor (MSEK)) of increasing the stock of wild salmon. Sensitivity analysis suggests that the opportunity costs in terms of lost electricity are typically higher than the estimated benefits.
Keywords
classic and interval open-ended (CIOE) question; contingent valuation; cost-benefit analysis; hydropower; salmon; valuation uncertainty
Published in
Journal of Environmental Planning and Management
2009, volume: 52, number: 3, pages: 345-363
Publisher: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
SLU Authors
UKÄ Subject classification
Environmental Sciences
Economics
Publication identifier
- DOI: https://doi.org/10.1080/09640560802703249
Permanent link to this page (URI)
https://res.slu.se/id/publ/44586