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The Economic Impacts of Aquatic Invasive Species: A Review of the Literature

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Author Info
Lovell, Sabrina J.
Stone, Susan F.
Fernandez, Linda

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Abstract

Invasive species are a growing threat in the United States, causing losses in biodiversity, changes in ecosystems, and impacts on economic enterprises such as agriculture, fisheries, and international trade. The costs of preventing and controlling invasive species are not well understood or documented, but estimates indicate that the costs are quite high. The costs of aquatic invasive species are even less well understood than those for terrestrial species. A systematic approach is needed to develop a consistent method to estimate the national costs of aquatic invasives. This review of the economic literature on aquatic invasive species is the first stage in the development of that estimate. We reviewed over sixty sources and include both empirical papers that present cost estimates as well as theoretical papers on preventing and mitigating the impacts of aquatic invasive species. Species-specific estimates are included for both animals and plants.

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File URL: http://purl.umn.edu/10175
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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): 35 (2006)
Issue (Month): 1 (April)
Pages:
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Handle: RePEc:ags:arerjl:10175

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Related research
Keywords: aquatic invasive species; costs; literature review; Resource /Energy Economics and Policy;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Barbier, Edward B., 2001. "A note on the economics of biological invasions," Ecological Economics, Elsevier, vol. 39(2), pages 197-202, November. [Downloadable!] (restricted)
  2. Lupi, Frank & Horan, Richard D., 2005. "Economic Incentives for Controlling Trade-Related Biological Invasions in the Great Lakes," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 34(1), April. [Downloadable!]
  3. Christopher Costello & Carol McAusland, 2003. "Protectionism, Trade, and Measures of Damage from Exotic Species Introductions," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 85(4), pages 964-975, November. [Downloadable!] (restricted)
  4. Thomas, Michael H. & Randall, Alan, 2000. "Intentional introductions of nonindigenous species: a principal-agent model and protocol for revocable decisions," Ecological Economics, Elsevier, vol. 34(3), pages 333-345, September. [Downloadable!] (restricted)
  5. McAusland, Carol & Costello, Christopher, 2004. "Avoiding invasives: trade-related policies for controlling unintentional exotic species introductions," Journal of Environmental Economics and Management, Elsevier, vol. 48(2), pages 954-977, September. [Downloadable!] (restricted)
  6. Settle, Chad & Shogren, Jason F, 2002. " Modeling Native-Exotic Species within Yellowstone Lake," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 84(5), pages 1323-28. [Downloadable!] (restricted)
  7. Olson, Lars J & Roy, Santanu, 2002. " The Economics of Controlling a Stochastic Biological Invasion," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 84(5), pages 1311-16. [Downloadable!] (restricted)
  8. Knowler, D., 2005. "Reassessing the costs of biological invasion: Mnemiopsis leidyi in the Black sea," Ecological Economics, Elsevier, vol. 52(2), pages 187-199, January. [Downloadable!] (restricted)
  9. Paulo Nunes & Jeroen van den Bergh, 2004. "Can People Value Protection against Invasive Marine Species? Evidence from a Joint TC–CV Survey in the Netherlands," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 28(4), pages 517-532, August. [Downloadable!] (restricted)
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  1. Horsch, Eric J. & Lewis, David J., 2008. "The Effects of Aquatic Invasive Species on Property Values: Evidence from a Quasi-Random Experiment," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6199, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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