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Invasive Species and Delaying the Inevitable: Results from a Pilot Valuation Experiment

Author

Listed:
  • McIntosh, Christopher R.
  • Shogren, Jason F.
  • Finnoff, David C.

Abstract

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.

Suggested Citation

  • McIntosh, Christopher R. & Shogren, Jason F. & Finnoff, David C., 2007. "Invasive Species and Delaying the Inevitable: Results from a Pilot Valuation Experiment," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 39(Special), pages 1-15, October.
    • Handle: RePEc:ags:joaaec:37127
    DOI: 10.22004/ag.econ.37127
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    Cited by:

    1. Kimberly Burnett & Sittidaj Pongkijvorasin & James Roumasset, 2012. "Species Invasion as Catastrophe: The Case of the Brown Tree Snake," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 51(2), pages 241-254, February.
    2. Dalmazzone, Silvana & Giaccaria, Sergio, 2014. "Economic drivers of biological invasions: A worldwide, bio-geographic analysis," Ecological Economics, Elsevier, vol. 105(C), pages 154-165.
    3. McIntosh, Christopher R. & Shogren, Jason F. & Finnoff, David C., 2010. "Invasive species and delaying the inevitable: Valuation evidence from a national survey," Ecological Economics, Elsevier, vol. 69(3), pages 632-640, January.
    4. Giaccaria Sergio & Dalmazzone Silvana, 2010. "Socio-economic drivers of biological invasions. A worldwide, bio-geographical analysis of trade flows and local environmental quality," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201003, University of Turin.

    More about this item

    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
    • Q29 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Other
    • Q29 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Other

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