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A theoretical analysis of random inspections and fines in invasive species management

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Author Info
Amitrajeet Batabyal () (Department of Economics, Rochester Institute of Technology)
Seung Jick Yoo () (Korea Energy Economics Institute)

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Abstract

In this paper, we conduct a theoretical analysis of inspections in a stochastic environment and we shed light on two hitherto unstudied issues concerning inspections in the context of invasive species management. First, given a particular port of entry in a country, we study the properties of a random inspection scheme. Second, we compute the average total fines that will be collected in the long run by an inspection agency that uses the above inspection scheme to screen arriving ships for the presence of one or more invasive species.

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File URL: http://economicsbulletin.vanderbilt.edu/2008/volume17/EB-08Q20007A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 17 (2008)
Issue (Month): 15 ()
Pages: 1-9
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ebl:ecbull:v:17:y:2008:i:15:p:1-9

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Related research
Keywords: Invasive Species; Fine; Random Inspection; Uncertainty;

Find related papers by JEL classification:
Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics

References listed on IDEAS
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  1. McAusland, Carol & Costello, Christopher, 2004. "Avoiding invasives: trade-related policies for controlling unintentional exotic species introductions," Journal of Environmental Economics and Management, Elsevier, vol. 48(2), pages 954-977, September. [Downloadable!] (restricted)
  2. Amit Batabyal & Peter Nijkamp, 2005. "On Container Versus Time Based Inspection Policies in Invasive Species Management," ERSA conference papers ersa05p162, European Regional Science Association. [Downloadable!]
    Other versions:
  3. Batabyal, Amitrajeet A., 2008. "Two theoretical issues concerning the differential treatment of trading partners in alien species management," Ecological Economics, Elsevier, vol. 64(4), pages 679-682, February. [Downloadable!] (restricted)
  4. Batabyal, Amitrajeet A. & Yoo, Seung Jick, 2006. "Some statistical properties of a generic container inspection policy in invasive species management," Ecological Economics, Elsevier, vol. 60(1), pages 1-4, November. [Downloadable!] (restricted)
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