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

Published online by Cambridge University Press:  28 April 2015

Christopher R. Mcintosh ,
Jason F. Shogren  and
David C. Finnoff
Christopher R. Mcintosh
Affiliation:
University of Minnesota-Duluth
Jason F. Shogren
Affiliation:
University of Wyoming
David C. Finnoff
Affiliation:
University of Wyoming
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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.

Keywords

environmental damageinvasive aquatic speciesnonmarket valuationQ00Q20Q29
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 39 , Issue s1 , October 2007 , pp. 83 - 95
Copyright
Copyright © Southern Agricultural Economics Association 2007

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