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A cost-benefit analysis of restoring the Em River in Sweden: valuation of angling site characteristics and visitation frequency

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  • Anton Paulrud
  • Thomas Laitila

Abstract

This article uses Cost-Benefit Analysis (CBA) to evaluate restoration scenarios aimed at improving angling on the Em River in Sweden. We find that none of the proposed projects are socially profitable when considering only values associated with angling. We rely on a Choice Experiment (CE) to derive utilities and estimate the monetary value of angling site characteristics and then also use the utilities derived in a visitation frequency using a two-stage budgeting approach. The visitation frequency is then used to extract values for fishing license sales and business-related income. The case study illustrates how CBA can provide useful insights into the potential economic returns of environmental restoration projects. Our case study also indicates that the results in terms of Willingness-To-Pay (WTP) and visitation frequency are general findings -- i.e. they appear similar across angling sites -- which is particularly useful from a policy point of view because it supports the use of benefit transfer for more cost-effective river management.

Suggested Citation

  • Anton Paulrud & Thomas Laitila, 2013. "A cost-benefit analysis of restoring the Em River in Sweden: valuation of angling site characteristics and visitation frequency," Applied Economics, Taylor & Francis Journals, vol. 45(16), pages 2255-2266, June.
  • Handle: RePEc:taf:applec:45:y:2013:i:16:p:2255-2266
    DOI: 10.1080/00036846.2012.659348
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    File URL: http://hdl.handle.net/10.1080/00036846.2012.659348
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    References listed on IDEAS

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    1. Paulrud, Anton, 2004. "Economic valuation of sport-fishing in Sweden," Department of Forest Economics publications 604, Swedish University of Agricultural Sciences, Department of forest economics.
    2. Ian J. Bateman & Richard T. Carson & Brett Day & Michael Hanemann & Nick Hanley & Tannis Hett & Michael Jones-Lee & Graham Loomes, 2002. "Economic Valuation with Stated Preference Techniques," Books, Edward Elgar Publishing, number 2639.
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