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Valuing Forest Protection Programs to Maximize Economic Benefit

Chris Moore () and Thomas P. Holmes

No 200807, NCEE Working Paper Series from National Center for Environmental Economics, U.S. Environmental Protection Agency

Abstract: The hemlock woolly adelgid is an invasive insect that is infesting and destroying hemlock forests in the northeastern United States. Mitigation efforts are taking place on public lands throughout the affected area. This study examines one such effort in the southern Appalachian Mountains. Economic benefits from hemlock ecosystem services are estimated using contingent valuation and are shown to outweigh the costs of mitigation. The estimated benefit function is also used in an optimization routine to examine the current allocation of conservation resources. Results show that a reallocation of mitigation effort would result in large gains in net economic benefit.

Keywords: invasive species; hemlock woolly adelgid; ecosystem valuation; forest preservation (search for similar items in EconPapers)
Pages: 27 pages
Date: 2008-08, Revised 2008-08
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https://www.epa.gov/environmental-economics/workin ... ize-economic-benefit First version, 2008 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:nev:wpaper:wp200807

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