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Multiregional Invasive Species Management: Theory and an Application to Florida's Exotic Plants

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  • Kim, C.S.
  • Lee, Donna J.
  • Schaible, Glenn D.
  • Vasavada, Utpal

Abstract

This research develops a multiregional optimal control model that incorporates regional allocation of a public budget for controlling invasive plants when regionally differential recreation demand functions and species control costs are present. Our equimarginal condition for optimal budget allocation equates the relative marginal economic benefits per dollar spent across regions. The model was applied to Florida Public Conservation Land regions, and results indicate that the magnitude of an annual management budget affects its distribution among species management regions, but the size of the intrinsic growth rate does not affect the pattern of budget allocation among regions.

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Bibliographic Info

Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

Volume (Year): 39 (2007)
Issue (Month): October (October)
Pages:

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Handle: RePEc:ags:joaaec:37141

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Web page: http://www.saea.org/jaae/jaae.htm
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Related research

Keywords: budget allocation; equimarginal condition; Florida invasive species; invasive plants; optimal control; B41; C02; Q51; Q57;

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Cited by:
  1. Carrasco, L.R. & Mumford, J.D. & MacLeod, A. & Knight, J.D. & Baker, R.H.A., 2010. "Comprehensive bioeconomic modelling of multiple harmful non-indigenous species," Ecological Economics, Elsevier, vol. 69(6), pages 1303-1312, April.
  2. Yue, Chengyan & Hurley, Terrance M. & Anderson, Neil O., 2009. "Do Native and Invasive Labels Affect Consumer Willingness to Pay for Plants? Evidence from Experimental Auctions," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49212, Agricultural and Applied Economics Association.
  3. Lewandrowski, Jan & Kim, C.S. & Aillery, Marcel, 2014. "Carbon sequestration through afforestation under uncertainty," Forest Policy and Economics, Elsevier, vol. 38(C), pages 90-96.
  4. Cobourn, Kelly M. & Goodhue, Rachael E. & Williams, Jeffrey C. & Zalom, Frank, 2008. "Pests and Agricultural Commodity Losses: Evaluating Alternative Approaches to Damage Function Estimation," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6530, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  5. Kim, C.S. & Schaible, Glenn D. & Garrett, Lynn & Lubowski, Ruben N. & Lee, Donna J., 2008. "Economic Impacts of the U.S. Soybean Aphid Infestation: A Multi-Regional Competitive Dynamic Analysis," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 37(2), October.
  6. Lee, Donna J. & Adams, Damian C. & Kim, C.S., 2009. "Managing invasive plants on public conservation forestlands: Application of a bio-economic model," Forest Policy and Economics, Elsevier, vol. 11(4), pages 237-243, July.
  7. Damian Adams & Donna Lee, 2012. "Technology adoption and mitigation of invasive species damage and risk: application to zebra mussels," Journal of Bioeconomics, Springer, vol. 14(1), pages 21-40, April.

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