Barbier, Edward B.; Shogren, Jason F. - In: Economic Inquiry 42 (2004) 4, pp. 587-601
We model biological invasions as an unintended by-product of capital accumulation. We distinguish three spillover effects: (1) a negative production externality, (2) a negative or positive consumption externality and (3) an increase in the risk of future welfare loss. We also consider the...