Jump to ContentJump to Main Navigation
Invasive Species in a Globalized WorldEcological, Social, and Legal Perspectives on Policy$
Users without a subscription are not able to see the full content.

Reuben P. Keller, Marc W. Cadotte, and Glenn Sandiford

Print publication date: 2014

Print ISBN-13: 9780226166049

Published to Chicago Scholarship Online: May 2015

DOI: 10.7208/chicago/9780226166216.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 28 September 2021

Evaluating the Economic Costs and Benefits of Slowing the Spread of Emerald Ash Borer

Evaluating the Economic Costs and Benefits of Slowing the Spread of Emerald Ash Borer

Chapter:
(p.185) Chapter Nine Evaluating the Economic Costs and Benefits of Slowing the Spread of Emerald Ash Borer
Source:
Invasive Species in a Globalized World
Author(s):

Jonathan Bossenbroek

Audra Croskey

David Finnoff

Louis Iverson

Shana M. McDermott

Anantha Prasad

Charles Sims

Davis Sydnor

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226166216.003.0009

Emerald ash borers were first discovered in Detroit in 2002 and have since taken only a few years to destroy most of the ash trees within the Detroit Metropolitan area and spread throughout many of the Great Lakes States. We integrate economic and ecological models to retroactively assess the economic benefits of different policy options during the initial spread of emerald ash borer. For the spread of the emerald ash borer, we use a model that includes natural and human dispersal, primarily by roads, campgrounds and population centers. The economic models consist of a computable general equilibrium (CGE) model, which quantifies the damages that occur to a regional economy during a shock like an invasion, and a real options model, which determines the optimum timing for investments in different policy options. Policy options in our scenarios included changing the number and intensity of eradication efforts, both at the wave front of the invasion and at the long-distance outbreaks. Our economic analyses suggest that the annual welfare loss in Michigan and Ohio will exceed $110 million and that stopping the spread of the emerald ash borer when it was first detected would have saved more than $1 billion.

Keywords:   invasive species, economics, bioeconomics, emerald ash borer, Agrilus planipennis, spread, policy, real options

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.