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Economic Incentives for Controlling Trade-Related Biological Invasions in the Great Lakes

Published online by Cambridge University Press:  15 September 2016

Richard D. Horan  and
Frank Lupi
Richard D. Horan
Affiliation:
Department of Agricultural Economics at Michigan State University in East Lansing, Michigan
Frank Lupi
Affiliation:
Department of Agricultural Economics at Michigan State University in East Lansing, Michigan
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Abstract

Ballast water from commercial ships engaged in international trade has been implicated as the primary invasion pathway in over 60 percent of new introductions of invasive alien species (IAS) in the Great Lakes since 1960. Recent policies have recognized that IAS are a form of biological pollution and have become focused on preventing new introductions. Given that emissions-based incentives are infeasible for the case of biological emissions, we investigate the cost-effectiveness of various performance proxy-based and technology-based economic incentives to reduce the threat of new invasions of Ponto-Caspian species in the Great Lakes.

Keywords

aquatic nuisance speciesballast wateruncertaintyrisk managementperformance-based incentivesenvironmental subsidies
Type
Contributed Papers
Information
Agricultural and Resource Economics Review , Volume 34 , Issue 1 , April 2005 , pp. 75 - 89
Copyright
Copyright © 2005 Northeastern Agricultural and Resource Economics Association 

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