Invasive Species and Delaying the Inevitable: Results from a Pilot Valuation Experiment
Jason Shogren () and
Journal of Agricultural and Applied Economics, 2007, vol. 39, issue s1, 83-95
Herein we explore the economic value of delaying inevitable environmental damage due to aquatic invasive species, which is a problem especially relevant to tropic and subtropical regions. We developed an analytical framework and tested it using a stated preference survey. The results suggest that delaying the impacts can be valuable. Other tests reveal characteristics of the willingness-to-pay estimates that are consistent with economic theory.
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Journal Article: Invasive Species and Delaying the Inevitable: Results from a Pilot Valuation Experiment (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:39:y:2007:i:s1:p:83-95_02
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