Integration-Valuation Nexus in Invasive Species Policy

Jason Shogren (), David Finnoff, Chris McIntosh and Chad Settle
Additional contact information
David Finnoff: University of Wyoming
Chris McIntosh: University of Wyoming
Chad Settle: Tulsa University

Agricultural and Resource Economics Review, 2006, vol. 35, issue 1, pages 11–20

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.

Keywords: invasive species; integrated economic-ecological modeling; nonmarket valuation (search for similar items in EconPapers)
Date: 2006

Downloads: (external link)
http://agecon.lib.umn.edu/cgi-bin/pdf_view.pl?paperid=26766&ftype=.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Access Statistics for this article

More articles in Agricultural and Resource Economics Review from Northeastern Agricultural and Resource Economics Association
Contact information at EDIRC.
Series data maintained by David R. Just ().