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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Author(s)
Odysseas Kopsidas1, Andreas Hadjixenophontos1 and Athanasios Anastasiou2
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DOI:10.17265/2162-5298/2018.01.004
Affiliation(s)
1. School of Economics & Business, Pafos 8042, Cyprus
2. Department of Economics, University of Peloponnese, Tripolis 22100, Greece
ABSTRACT
This paper aims to describe an environmental problem, the accumulation
of waste biomass, which is a parameter of property devaluation and a reduction
in the living standards of the inhabitants of the wider area of Thessaloniki.
In this study, the respondents are 250
interviewees who answered the questions in the questionnaire. In the present study, the dependent WTA (Willingness to Accept) variable is determined in classes and is measured in an amount (currency units). After determining the
minimum amount available to farmers (WTA) to participate in the collection and
recovery of discarded biomass, averaged at € 28.3. The economic analysis of the
utilization of discharged biomass involves matching the environmental to the
socio-economic benefit. A solution is proposed for the optimum disposal site of
the discharged biomass by multicriteria selection including alternative options
to address endogenous difficulties or external factors that necessitate a
change in the first optimal solution.
KEYWORDS
Biomass, WTA (Willingness to Accept), multicriteria analysis, land value, environmental cost.
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