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The yellow floating heart is a water weed causing nuisance problems in Swedish watercourses. An economic analysis where various management options are considered is required. Using a choice experiment, we estimate the benefits of a weed-management program and perform a cost-benefit analysis. In order to be able to distinguish between those who have a demand for a program from those who do not, we introduce a way to distinguish demanders from non-demanders in the choice experiments. Using a simple cost-benefit rule, we find that cutting the weed in certain places in the lake can be justified. (JEL Q25, Q26, Q51)

Assessing Management Options for Weed Control with Demanders and Non-Demanders in a Choice Experiment