Friday, July 25, 2008

Great Lakes face $200m annual economic risk from invasive species

An ongoing project is conducted by David Lodge's team in University of Notre Dame. So far they considered loss in consumer surplus of fishing (both recreational and commercial) and wildlife viewing and increased cost for raw water uses. $200 million is a conservative/lower bound value according to David Finnoff, the economist of the project team.

I also noticed Finnoff spoke in the language of ecosystem services :)

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