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Economic Incentives for Controlling Trade-Related Biological Invasions in the Great Lakes

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Author Info
Richard D. Horan (Michigan State University)
Frank Lupi (Michigan State University)
Abstract

Ballast water from commercial ships engaged in international trade has been implicated as the primary invasion pathway in over 60 percent of new introductions of invasive alien species (IAS) in the Great Lakes since 1960. Recent policies have recognized that IAS are a form of biological pollution and have become focused on preventing new introductions. Given that emissions-based incentives are infeasible for the case of biological emissions, we investigate the cost-effectiveness of various performance proxy-based and technology-based economic incentives to reduce the threat of new invasions of Ponto-Caspian species in the Great Lakes.

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Publisher Info
Article provided by Northeastern Agricultural and Resource Economics Association in its journal Agricultural and Resource Economics Review.

Volume (Year): 34 (2005)
Issue (Month): 1 (April)
Pages: 75–89
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Handle: RePEc:agl:nearer:v:34:y:2005:i:1:p:75-89

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Keywords: aquatic nuisance species ballast water uncertainty risk management performance-based incentives environmental subsidies

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  1. Kimberly Burnett & Sean D’Evelyn & Brooks Kaiser & Porntawee Nantamanasikarn & James Roumasset, 2007. "Beyond the Lamppost: Optimal Prevention and Control of the Brown Treesnake in Hawaii," Working Papers 200714, University of Hawaii at Manoa, Department of Economics. [Downloadable!]
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This page was last updated on 2008-11-13.


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