caa a22 4500 445855355 CHVBK 20180317145426.0 cr unu---uuuuu 170323e20111201xx s 000 0 eng 10.1007/s10640-011-9485-7 doi (NATIONALLICENCE)springer-10.1007/s10640-011-9485-7 Stepping Stones for Biological Invasion: A Bioeconomic Model of Transferable Risk [Elektronische Daten] [Travis Warziniack, David Finnoff, Jonathan Bossenbroek, Jason Shogren, David Lodge] We investigate three sources of bias in valuation methods for ecosystem risk: failure to consider substitution possibilities between goods, failure to consider nonseparability of ecosystem services with market goods, and failure to consider substitution possibilities between ecosystems. The first two biases are known in the literature, and we offer insight on the size of the bias for a specific example. Our work on spatially transferable risk is novel. We develop the concept and show how it may undermine typical invasion prevention strategies. We find three key results. First, partial equilibrium estimates of welfare loss are significantly overestimated relative to general equilibrium estimates. If ecosystem services and market goods are substitutes the partial equilibrium bias is greater than if they are compliments. Second, well-intended policies do not necessarily reduce overall risk; risk reduction actions can transfer risk to another time or location, or both, which may increase total risk. Third, policies of quotas and inspections have to be extreme to improve welfare, with inspections having advantages over quotas. Springer Science+Business Media B.V., 2011 Bioeconomic nationallicence Invasive species nationallicence Risk nationallicence Transferable risk nationallicence Welfare nationallicence Warziniack Travis Alfred Weber Institute, University of Heidelberg, Bergheimer Strasse 20, 69115, Heidelberg, Germany aut Finnoff David Department of Economics and Finance, University of Wyoming, 82071, Laramie, WY, USA aut Bossenbroek Jonathan University of Toledo, 43618, Oregon, OH, USA aut Shogren Jason Department of Economics and Finance, University of Wyoming, 82071, Laramie, WY, USA aut Lodge David Center for Aquatic Conservation, University of Notre Dame, 46556, Notre Dame, IN, USA aut Environmental and Resource Economics Springer Netherlands 50/4(2011-12-01), 605-627 0924-6460 50:4<605 2011 50 10640 https://doi.org/10.1007/s10640-011-9485-7 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10640-011-9485-7 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Warziniack Travis Alfred Weber Institute, University of Heidelberg, Bergheimer Strasse 20, 69115, Heidelberg, Germany aut NATIONALLICENCE 700 1- Finnoff David Department of Economics and Finance, University of Wyoming, 82071, Laramie, WY, USA aut NATIONALLICENCE 700 1- Bossenbroek Jonathan University of Toledo, 43618, Oregon, OH, USA aut NATIONALLICENCE 700 1- Shogren Jason Department of Economics and Finance, University of Wyoming, 82071, Laramie, WY, USA aut NATIONALLICENCE 700 1- Lodge David Center for Aquatic Conservation, University of Notre Dame, 46556, Notre Dame, IN, USA aut NATIONALLICENCE 773 0- Environmental and Resource Economics Springer Netherlands 50/4(2011-12-01), 605-627 0924-6460 50:4<605 2011 50 10640 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer