Control of Invasive Species: Lessons from Miconia in Hawaii
AbstractOnce established, invasive species can rapidly and irreversibly alter ecosystems and degrade the value of ecosystem services. Optimal control of an exotic pest solves for a trajectory of removals that minimizes the present value of removal costs and residual damages from the remaining pest population. The shrubby tree, Miconia calvescens, is used to illustrate dynamic policy options for a forest invader. Potential damages to Hawaii's forest ecosystems are related to decreased aquifer recharge, biodiversity, and other ecosystem values. We find that population reduction is the optimal management policy for the islands of Oahu, Maui, and Hawaii. On the island of Kauai, where tree density is lower and search costs higher, optimal policy calls for deferring removal expenditures until the steady state population is reached.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2006 Annual meeting, July 23-26, Long Beach, CA with number 21301.
Date of creation: 2006
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Environmental Economics and Policy;
Other versions of this item:
- Brooks Kaiser & Kimberly Burnett & James Roumasset, 2006. "Control of Invasive Species: Lessons from Miconia in Hawaii," Working Papers 200608, University of Hawaii at Manoa, Department of Economics.
- Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Brooks Kaiser & James A Roumasset, 1999. "Water Management and the Valuation of Indirect Environmental Services," Working Papers 199905, University of Hawaii at Manoa, Department of Economics.
- Burnett, Kimberly M. & Kaiser, Brooks A. & Pitafi, Basharat A.K. & Roumasset, James A., 2006. "Prevention, Eradication, and Containment of Invasive Species: Illustrations from Hawaii," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 35(1), April.
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- Loomis, John B. & White, Douglas S., 1996. "Economic benefits of rare and endangered species: summary and meta-analysis," Ecological Economics, Elsevier, vol. 18(3), pages 197-206, September.
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- Mark E. Eiswerth & G. Cornelis van Kooten, 2002. "Uncertainty, Economics, and the Spread of an Invasive Plant Species," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1317-1322.
- Pitafi, Basharat A.K. & Roumasset, James A., 2006. "Integrated Prevention and Control of Invasive Species," 2006 Annual meeting, July 23-26, Long Beach, CA 21062, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Kaiser, Brooks A. & Burnett, Kimberly M., 2010.
"Spatial economic analysis of early detection and rapid response strategies for an invasive species,"
Resource and Energy Economics,
Elsevier, vol. 32(4), pages 566-585, November.
- Brooks Kaiser & Kimberly Burnett, 2010. "Spatial Economic Analysis of Early Detection and Rapid Response Strategies for an Invasive Species," Working Papers 2010-05, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.
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