The hemlock woolly adelgid is an invasive insect that is infesting and destroying hemlock forests in the northeastern United States. Mitigation efforts are taking place on public lands throughout the affected area. This study examines one such effort in the southern Appalachian Mountains....

This paper presents a case study of the economic damages to homeowners in a northern New Jersey community due to an exotic forest insect--the hemlock woolly adelgid. Hedonic property value methods are used to estimate the effect of hemlock health on property values. A statistically significant...

The management of non-native invasive species is a complex but crucial task given the potential for economic and environmental damages. For many invasions the development of socially optimal control strategies requires more than is offered by the single-species, single-control models that have...

As atmospheric carbon dioxide (CO2) concentrations increase, the world’s oceans are absorbing CO2 at a faster rate than at any time in the past 800,000 years. While this reduces the amount of the most prevalent greenhouse gas in the atmosphere it also causes changes in seawater chemistry,...

The management of non-native invasive species is a complex but crucial task given the potential for economic and environmental damages. For many invasions the development of socially optimal control strategies requires more than is offered by the single-species, single-control models that have...

The “social cost of carbon” (SCC) is the present value of the future stream of damages from one additional ton of carbon emissions in a particular year. This paper develops a simple model for calculating the SCC and compares estimates of the SCC under certainty and uncertainty. Our model...