Valuation of impacts of incursions on biodiversity: A review of the literature

Abstract

This report provides an overview of the economic literature on invasive species with focus aimed at economic valuation. The report opens with an overview of economics concepts related to invasive species. Costs of invasive species are then discussed, followed by a description of the pathways and impacts of incursions relevant to valuation, economic models underpinning valuation of incursion events, valuation methods and methodological options, as well as prospects for benefits transfer. Conclusions and recommendations are then presented.