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Implications of simultaneity in a physical damage function

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Author Info

  • Cobourn, Kelly M.
  • Burrack, Hannah J.
  • Goodhue, Rachael E.
  • Williams, Jeffrey C.
  • Zalom, Frank G.

Abstract

A modeler must often rely on highly simplified representations of complex physical systems when analyzing associated economic issues. Herein, we consider a management problem in which a bioeconomic system exhibits simultaneity in processes governing productivity and damage. In this case, it may benefit the producer to sacrifice productivity to reduce the costs associated with increased damage. We specify empirically a structural damage relationship that explains the biological process by which an invasive species damages a host and estimate the structural model and its reduced form with an exceptional dataset on infestation of olives by the olive fruit fly. We contrast the results of these models with the approach typically taken in the economic literature, which expresses damage as a function of pest density. The population-based approach introduces significantly greater bias into the individual grower's choice of damage-control inputs than estimates based on the structural model.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

Volume (Year): 62 (2011)
Issue (Month): 2 (September)
Pages: 278-289

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Handle: RePEc:eee:jeeman:v:62:y:2011:i:2:p:278-289

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Web page: http://www.elsevier.com/locate/inca/622870

Related research

Keywords: Bioeconomic modeling Simultaneous equations Pest management Damage Olive fruit fly;

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Cited by:
  1. Robert Chambers & Vangelis Tzouvelekas, 2012. "Estimating Population Dynamics without Population Data," Working Papers 1210, University of Crete, Department of Economics, revised 27 Apr 2013.
  2. Lu, Liang & Elbakidze, Levan, 2012. "Application of Comparative Dynamics in Stochastic Invasive Species Management in Agricultural Production," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124971, Agricultural and Applied Economics Association.
  3. Lu, Liang & Elbakidze, Levan, 2012. "Application of Comparative Dynamics in Stochastic Invasive Species Management in Agricultural Production," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 125226, Agricultural and Applied Economics Association.

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