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Integration-Valuation Nexus in Invasive Species Policy

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Author Info

  • Shogren, Jason F.
  • Finnoff, David C.
  • McIntosh, Christopher R.
  • Settle, Chad

Abstract

This paper reviews recent work examining two topics of economic research vital for invasive species policy-integration and valuation. Integration requires bioeconomic models that blend invasive biology with economic circumstances and the feedback loops between the two systems. Valuation requires nonmarket valuation associated with human and environmental damages posed by invasive species. We argue for a second-level of integration in invasive species economics-valuation based on integration models. Policy prescriptions based on integration models need valuation work; valuation surveys need integration models-the two are complements. Valuation could be enhanced with integration in mind; integration could be made better with valuation in mind. An example from blending the two research areas is presented and its merits demonstrated.

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File URL: http://purl.umn.edu/10183
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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:10183

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

Keywords: invasive species; integrated economic-ecological modeling; nonmarket valuation; Environmental Economics and Policy;

References

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  1. David Finnoff & John Tschirhart, 2003. "Protecting an Endangered Species While Harvesting Its Prey in a General Equilibrium Ecosystem Model," Land Economics, University of Wisconsin Press, vol. 79(2), pages 160-180.
  2. Rosen, Sherwin, 1988. " The Value of Changes in Life Expectancy," Journal of Risk and Uncertainty, Springer, vol. 1(3), pages 285-304, September.
  3. 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.
  4. Settle, Chad & Crocker, Thomas D. & Shogren, Jason F., 2002. "On the joint determination of biological and economic systems," Ecological Economics, Elsevier, vol. 42(1-2), pages 301-311, August.
  5. Cherry, Todd L. & Crocker, Thomas D. & Shogren, Jason F., 2003. "Rationality spillovers," Journal of Environmental Economics and Management, Elsevier, vol. 45(1), pages 63-84, January.
  6. Barbier, Edward B., 2001. "A note on the economics of biological invasions," Ecological Economics, Elsevier, vol. 39(2), pages 197-202, November.
  7. Thomas Crocker & John Tschirhart, 1992. "Ecosystems, externalities, and economies," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 2(6), pages 551-567, November.
  8. Charles Perrings, 1998. "Resilience in the Dynamics of Economy-Environment Systems," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 11(3), pages 503-520, April.
  9. Horan, Richard D. & Lupi, Frank, 2005. "Tradeable risk permits to prevent future introductions of invasive alien species into the Great Lakes," Ecological Economics, Elsevier, vol. 52(3), pages 289-304, February.
  10. Ayres, Robert U & Kneese, Allen V, 1969. "Production , Consumption, and Externalities," American Economic Review, American Economic Association, vol. 59(3), pages 282-97, June.
  11. 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.
  12. Edward B. Barbier & Jason F. Shogren, 2004. "Growth with Endogenous Risk of Biological Invasion," Economic Inquiry, Western Economic Association International, vol. 42(4), pages 587-601, October.
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Cited by:
  1. Brooks Kaiser & Kimberly Burnett, 2010. "Spatial Economic Analysis of Early Detection and Rapid Response Strategies for an Invasive Species," Working Papers 2010-05, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.

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