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

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Author Info

  • Sabrina J. Lovell
  • Susan F. Stone

Abstract

Invasive species are a growing threat in the United States, causing losses in biodiversity, changes in ecosystems, and impacts to economic enterprises such as agriculture, forestry, fisheries, power production, 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, in the range of millions to billions of dollars per year. EPA’s Office of Water needs to develop a national estimate of the costs of aquatic invasive species and the benefits of control. This review of the economic literature on invasive species is the first stage in the development of that estimate. The review includes studies on fish, mollusks, crustaceans, invertebrates, and plants. There are few theoretical, and even fewer empirical, studies dealing with the economic costs of aquatic invasive species. Due to the high level of invasions in the Great Lakes, a number of studies focus on species found there, and on Zebra Mussels in particular. The aquatic studies reviewed show values ranging from several hundreds of thousands of dollars a year to tens of millions of dollars a year. It seems apparent that a systematic approach is needed to develop a consistent method to estimate such costs. As the literature points out, invasive species and their control have definite public good aspects and thus call for some level of government intervention. However, to what extent and what form that intervention takes place depends on myriad of issues associated with both the region and the species involved. Optimal policy appears to be as unique as the individual species or ecosystem it is attempting to control and protect.

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File URL: http://yosemite.epa.gov/ee/epa/eed.nsf/WPNumber/2005-02/$File/2005-02.PDF
File Function: First version, 2005
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Bibliographic Info

Paper provided by National Center for Environmental Economics, U.S. Environmental Protection Agency in its series NCEE Working Paper Series with number 200502.

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Length: 66 pages
Date of creation: Jan 2005
Date of revision: Jan 2005
Handle: RePEc:nev:wpaper:wp200502

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Related research

Keywords: costs; literature; aquatic invasive species;

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References

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  1. Barbier, Edward B., 2001. "A note on the economics of biological invasions," Ecological Economics, Elsevier, vol. 39(2), pages 197-202, November.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. Mark E. Eiswerth & G. Cornelis van Kooten, 2002. "Uncertainty, Economics, and the Spread of an Invasive Plant Species," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1317-1322.
  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. 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.
  14. 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.
  15. 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.
  16. 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.
  17. 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.
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Citations

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Cited by:
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. Davis, Alison F. & Moeltner, Klaus, 2010. "Valuing the Prevention of an Infestation: The Threat of the New Zealand Mud Snail in Northern Nevada," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 39(1), February.
  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. 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).
  8. 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.
  9. 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.
  10. 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.
  11. Timothy C. Haab & John C. Whitehead & George R. Parsons & Jammie Price, 2008. "Effects of Information about Invasive Species on Risk Perception and Seafood Demand by Gender and Race," Working Papers 08-02, Department of Economics, Appalachian State University.
  12. 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.
  13. 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.

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