Integration-valuation nexus in invasive species policy

Jason F. Shogren, David Finnoff, Chris McIntosh, Chad Settle

Research output: Contribution to journalArticlepeer-review

10 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)11-20
Number of pages10
JournalAgricultural and Resource Economics Review
Volume35
Issue number1
DOIs
StatePublished - Apr 2006
Externally publishedYes

Keywords

  • Integrated economic-ecological modeling
  • Invasive species
  • Nonmarket valuation

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