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Controlling a biological invasion: a non-classical dynamic economic model

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  • Lars Olson

    ()

  • Santanu Roy

Abstract

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File URL: http://hdl.handle.net/10.1007/s00199-007-0281-0
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Bibliographic Info

Article provided by Springer in its journal Economic Theory.

Volume (Year): 36 (2008)
Issue (Month): 3 (September)
Pages: 453-469

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Handle: RePEc:spr:joecth:v:36:y:2008:i:3:p:453-469

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Related research

Keywords: Intertemporal allocation; Nonconvexities; Biological invasion; Invasive species; Renewable resource economics; D9; Q2;

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References

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  1. Lars J. Olson & Santanu Roy, 2002. "The Economics of Controlling a Stochastic Biological Invasion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1311-1316.
  2. Olson, Lars J. & Roy, Santanu, 1996. "On Conservation of Renewable Resources with Stock-Dependent Return and Nonconcave Production," Journal of Economic Theory, Elsevier, vol. 70(1), pages 133-157, July.
  3. Dechert, W. Davis & Nishimura, Kazuo, 1983. "A complete characterization of optimal growth paths in an aggregated model with a non-concave production function," Journal of Economic Theory, Elsevier, vol. 31(2), pages 332-354, December.
  4. Majumdar, Mukul & Mitra, Tapan, 1994. "Periodic and Chaotic Programs of Optimal Intertemporal Allocation in an Aggregative Model with Wealth Effects," Economic Theory, Springer, vol. 4(5), pages 649-76, August.
  5. Michael Kopel & Herbert Dawid, 1999. "On optimal cycles in dynamic programming models with convex return function," Economic Theory, Springer, vol. 13(2), pages 309-327.
  6. Nyarko, Yaw & Olson, Lars J, 1994. "Stochastic Growth When Utility Depends on Both Consumption and the Stock Level," Economic Theory, Springer, vol. 4(5), pages 791-97, August.
  7. Benveniste, L M & Scheinkman, J A, 1979. "On the Differentiability of the Value Function in Dynamic Models of Economics," Econometrica, Econometric Society, vol. 47(3), pages 727-32, May.
  8. Olson, Lars J. & Roy, Santanu, 2003. "The Economics Of Controlling A Biological Invasion," Working Papers 28591, University of Maryland, Department of Agricultural and Resource Economics.
  9. Mitra, Tapan & Roy, Santanu, 2003. "Optimal Exploitation of Renewable Resources under Uncertainty and the Extinction of Species," Working Papers 03-10, Cornell University, Center for Analytic Economics.
  10. Mirman, Leonard J. & Zilcha, Itzhak, 1975. "On optimal growth under uncertainty," Journal of Economic Theory, Elsevier, vol. 11(3), pages 329-339, December.
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Citations

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Cited by:
  1. Anderson, Soren T. & Laxminarayan, Ramanan & Salant, Stephen W., 2012. "Diversify or focus? Spending to combat infectious diseases when budgets are tight," Journal of Health Economics, Elsevier, vol. 31(4), pages 658-675.
  2. Marten, Alex L. & Moore, Christopher C., 2011. "An options based bioeconomic model for biological and chemical control of invasive species," Ecological Economics, Elsevier, vol. 70(11), pages 2050-2061, September.
  3. Sims, Charles & Finnoff, David, 2013. "When is a “wait and see” approach to invasive species justified?," Resource and Energy Economics, Elsevier, vol. 35(3), pages 235-255.
  4. Olson, Lars J. & Roy, Santanu, 2008. "Dynamic Sanitary and Phytosanitary Trade Policy," Working Papers 43395, University of Maryland, Department of Agricultural and Resource Economics.
  5. Homans, Frances & Horie, Tetsuya, 2011. "Optimal detection strategies for an established invasive pest," Ecological Economics, Elsevier, vol. 70(6), pages 1129-1138, April.

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