Plenary Session Abstract

Integrating Economics into
Invasive Species Management

Jason Shogren
Economics & Finance, University of Wyoming

Exotic invaders pose risks to both ecological and economic systems by disrupting traditional production systems. Societies can reduce the risks posed by invaders through private and collective mitigation or adaptation or both. Mitigation reduces the odds that detrimental events will happen; adaptation reduces the consequences when such an event does occur. This presentation examines one analytical framework for capturing how a society can mix mitigation and adaptation strategies to reduce the risk from exotic invaders. Using the economic theory of endogenous risk, three implications are discussed – the interaction of biological and economic factors to assess risk, the value of risk reduction, and the impact of additional risk of damages.

Also see the paper entitled "On the Joint Determination of Economic and Ecological Systems".

Proud Partners in the Watershed-Wide
Chesapeake Bay Invasive Species Workshop

Conference Home

Last modified October 10, 2012
Accessibility Statement

http://www.mdsg.umd.edu/issues/restoration/non-natives/workshop/abstracts/shogren.html