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Economic value of mitigation of plant invaders in a subsistence economy: incorporating labour as a mode of payment
70
Citations
56
References
2012
Year
Applied EconomicsEconomic DevelopmentAgricultural EconomicsEnvironmental EconomicsRural CommunityEconomic InstrumentAgri-environmental PolicyPlant InvadersEconomic ValueResource EconomicsExperimental EconomicsEconomic AnalysisIncorporating LabourEconomicsSignificant WtpAgricultural ImpactInvasive Plant SpeciesNatural Resource ManagementBusinessNatural Resource EconomicsNonmarket Valuation
Abstract This paper presents the analysis of a choice experiment designed to estimate willingness-to-pay (WTP) to mitigate damages caused by invasive plant species in a rural community of Nepal. In order to address the cash constraints problem in a subsistence economy, two payment attributes, labour contribution and membership fee , were included in the choice sets. The results reveal that rural farmers have significant WTP for forest management activities, in terms of both cash and labour contributions. The results also suggest that rural farmers value their time in this context at a different rate from the current wage rate.
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