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The Spatial Dynamics of the Economic Impacts of an Aquatic Invasive Species: An Empirical Analysis

The Spatial Dynamics of the Economic Impacts of an Aquatic Invasive Species: An Empirical Analysis <p>ABSTRACT:</p><p>This paper examines how the economic loss from an aquatic species invasion of a freshwater lake is allocated between users of the lake itself (own-lake effect) and users of neighboring lakes that become invaded because the lake is a new source of the invader (spillover effect). The empirical application concerns the Eurasian watermilfoil invasion in the lake-rich landscape of northern Wisconsin. Results suggest that coordinated management across lakes provides its highest economic value in the early years of an invasion, before high-value, high-traffic lakes are invaded, and drops quickly once the invasion claims these lakes. <i>(JEL Q51, Q57)</i></p> http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Land Economics University of Wisconsin Press

The Spatial Dynamics of the Economic Impacts of an Aquatic Invasive Species: An Empirical Analysis

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Publisher
University of Wisconsin Press
Copyright
Copyright by the Board of Regents of the University of Wisconsin System.
ISSN
1543-8325

Abstract

<p>ABSTRACT:</p><p>This paper examines how the economic loss from an aquatic species invasion of a freshwater lake is allocated between users of the lake itself (own-lake effect) and users of neighboring lakes that become invaded because the lake is a new source of the invader (spillover effect). The empirical application concerns the Eurasian watermilfoil invasion in the lake-rich landscape of northern Wisconsin. Results suggest that coordinated management across lakes provides its highest economic value in the early years of an invasion, before high-value, high-traffic lakes are invaded, and drops quickly once the invasion claims these lakes. <i>(JEL Q51, Q57)</i></p>

Journal

Land EconomicsUniversity of Wisconsin Press

Published: Jan 11, 2019

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