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

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  • Lovell, Sabrina J.
  • Stone, Susan F.
  • Fernandez, Linda

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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Bibliographic 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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Web page: http://www.narea.org/
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Related research

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

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References

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  1. Lynch, Lori, 2001. "Migration Of Exotic Pests: Phytosanitary Regulations And Cooperative Policies To Protect U.S. Ecosystems And Agricultural Interests," Working Papers 28548, University of Maryland, Department of Agricultural and Resource Economics.
  2. 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.
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  4. Richard D. Horan & Charles Perrings & Frank Lupi & Erwin H. Bulte, 2002. "Biological Pollution Prevention Strategies under Ignorance:The Case of Invasive Species," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1303-1310.
  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.
  6. Rosie Cataldo, 2001. ""Musseling" in on the Ninth District economy: How many clams will it cost?," Fedgazette, Federal Reserve Bank of Minneapolis, issue Jan, pages 15-17.
  7. Polasky, Stephen & Costello, Christopher & McAusland, Carol, 2004. "On trade, land-use, and biodiversity," Journal of Environmental Economics and Management, Elsevier, vol. 48(2), pages 911-925, September.
  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.
  9. Christopher Costello & Carol McAusland, 2003. "Protectionism, Trade, and Measures of Damage from Exotic Species Introductions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(4), pages 964-975.
  10. Chad Settle & Jason E Shogren, 2002. "Modeling Native-Exotic Species within Yellowstone Lake," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1323-1328.
  11. Barbier, Edward B., 2001. "A note on the economics of biological invasions," Ecological Economics, Elsevier, vol. 39(2), pages 197-202, November.
  12. Margolis, Michael & Shogren, Jason F. & Fischer, Carolyn, 2005. "How trade politics affect invasive species control," Ecological Economics, Elsevier, vol. 52(3), pages 305-313, February.
  13. Buhle, Eric R. & Margolis, Michael & Ruesink, Jennifer L., 2005. "Bang for buck: cost-effective control of invasive species with different life histories," Ecological Economics, Elsevier, vol. 52(3), pages 355-366, February.
  14. Pimentel, David & Zuniga, Rodolfo & Morrison, Doug, 2005. "Update on the environmental and economic costs associated with alien-invasive species in the United States," Ecological Economics, Elsevier, vol. 52(3), pages 273-288, February.
  15. Lars J. Olson & Santanu Roy, 2002. "The Economics of Controlling a Stochastic Biological Invasion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1311-1316.
  16. 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.
  17. 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.
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Cited by:
  1. Goodenberger, James & Klaiber, H. Allen, 2013. "Evading Invasives: How Eurasian Water-Milfoil Effects the Development of Lakefront Properties," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150309, Agricultural and Applied Economics Association.
  2. Haight, Robert G. & Polasky, Stephen, 2010. "Optimal control of an invasive species with imperfect information about the level of infestation," Resource and Energy Economics, Elsevier, vol. 32(4), pages 519-533, November.
  3. Allison Davis & Klaus Moeltner, 2009. "Valuing the Prevention of an Infestation: The Threat of the New Zealand Mud Snail in Northern Nevada," Working Papers 09-001, University of Nevada, Reno, Department of Economics;University of Nevada, Reno , Department of Resource Economics.
  4. Olson, Lars J., 2006. "The Economics of Terrestrial Invasive Species: A Review of the Literature," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 35(1), April.
  5. Zhang, Congwen & Boyle, Kevin J., 2010. "The effect of an aquatic invasive species (Eurasian watermilfoil) on lakefront property values," Ecological Economics, Elsevier, vol. 70(2), pages 394-404, December.
  6. Warziniack, Travis W. & Finnoff, David & Shogren, Jason F., 2013. "Public economics of hitchhiking species and tourism-based risk to ecosystem services," Resource and Energy Economics, Elsevier, vol. 35(3), pages 277-294.
  7. Marten, Alex L. & Moore, Christopher C., 2011. "An options based bioeconomic model for biological and chemical control of invasive species," Ecological Economics, Elsevier, vol. 70(11), pages 2050-2061, September.
  8. Haab, Timothy C. & Whitehead, John C. & Parsons, George R. & Price, Jammie, 2010. "Effects of information about invasive species on risk perception and seafood demand by gender and race," Resource and Energy Economics, Elsevier, vol. 32(4), pages 586-599, November.
  9. 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).
  10. Rosa, Inês C. & Pereira, Joana L. & Gomes, João & Saraiva, Pedro M. & Gonçalves, Fernando & Costa, Raquel, 2011. "The Asian clam Corbicula fluminea in the European freshwater-dependent industry: A latent threat or a friendly enemy?," Ecological Economics, Elsevier, vol. 70(10), pages 1805-1813, August.
  11. David Simpson, 2008. "Preventing Biological Invasions: Doing Something vs. Doing Nothing," NCEE Working Paper Series 200811, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Nov 2008.
  12. Yajie Liu & Jon Olaf Olaussen & Anders Skonhoft, 2011. "When a Fish is a Fish: The Economic Impacts of Escaped Farmed Fish," Working Paper Series 12011, Department of Economics, Norwegian University of Science and Technology.
  13. Livanis, Grigorios & Moss, Charles B., 2010. "The effect of Africanized honey bees on honey production in the United States: An informational approach," Ecological Economics, Elsevier, vol. 69(4), pages 895-904, February.

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