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Integration-Valuation Nexus in Invasive Species Policy

Published online by Cambridge University Press:  15 September 2016

Jason F. Shogren ,
David Finnoff ,
Chris McIntosh  and
Chad Settle
Jason F. Shogren
Affiliation:
Natural Resource Conservation and Management
David Finnoff
Affiliation:
Department of Economics and Finance at the University of Wyoming, Laramie
Chris McIntosh
Affiliation:
Department of Economics and Finance at the University of Wyoming, Laramie
Chad Settle
Affiliation:
Department of Economics, Tulsa University, Tulsa, Oklahoma
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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 speciesintegrated economic-ecological modelingnonmarket valuation
Type
Invited Papers
Information
Agricultural and Resource Economics Review , Volume 35 , Issue 1 , April 2006 , pp. 11 - 20
Copyright
Copyright © 2006 Northeastern Agricultural and Resource Economics Association 

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