Bioeconomics of invasive species: using real options theory to integrate ecology, economics, and risk management Author: Charles Sims, David Finnoff, Jason F. Shogren Source: Food security 2016 v.8 no.1 pp. 61-70 ISSN: 1876-4517 Subject: bioeconomics, ecology, invasive species, issues and policy, risk, risk management, uncertainty Abstract: data file: Notes: Includes bibliographical references and index. Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Print version: Bioeconomics of invasive species. Oxford ; New York : Oxford University Press, 2009 9780195367980 0195367987: Standard no. 9786612053818 and tools to invasive species. It addresses the issues associated with identifying the factors which cause the spread of invasives, incorporating consideration of invasive species into economic planning and policy-making, and identifying economic tools and measures to support on-the-ground management actions designed to address biological data file: Notes: Includes bibliographical references and index. Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Print version: Bioeconomics of invasive species. Oxford ; New York : Oxford University Press, 2009 9780195367980 0195367987: Standard no. 9786612053818 to assist control and mitigate the effects of invasive species. Further, it is important to create awareness and implement proper legislation and policy framework for the control and management of invasive species. This handbook is a collaborative effort of the various scientists and researchers working in different institutes Risk analysis of species invasions links biology and economics, is increasingly mandated by international and national policies, and enables improved management of invasive species. Biological invasions proceed through a series of transition probabilities (i.e., introduction, establishment, spread, and impact), and each of these presents opportunities for management. Recent research advances Bioeconomics of Invasive Species is a must read for invasion biologists."--Journal of Biological Invasions "[Bioeconomics of Invasive Species] is valuable as a source of reliable information related to the management of invasive species ranging from plants to animals to microbes. Its messages are well worth studying for readers interested in of mistakenly denying entry to a non-invasive species (a false positive). In the case of plants, loss estimates (Pimentel et al. 2005) and estimates of the value of the ornamental plant trade (Hall et al. 2005) suggest that for the U.S. the costs of an invasive species exceed the opportunity costs of a benign species mistakenly rejected for depriving local (and, ironically, invasive) fish species and other organisms of oxygen and sunlight (Bright 1998). Or, invasive species can wipe out individual populations and species through direct competition or predation." It is difficult to predict which species will become invasive. For terrestrial vertebrates, mollusks, and This article examines the use of economic analysis to inform bioinvasion management, with particular focus on forest resources. Economics is key for understanding invasion processes, impacts, and decision-making. Biological invasions are driven by and affect economic activities at multiple scales and