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On Prevention and Control of an Uncertain Biological Invasion

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Author Info
Olson, Lars
Roy, Santanu

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Abstract

This paper examines how optimal prevention and control policies depend on the economic and biological characteristics of a randomly introduced biological invasion where the objective is to minimize the expected social costs from prevention, control, and invasion damages. The results characterize how optimal prevention and control policies vary with the initial invasion size, the invasion growth rate, and the probability distribution of introductions. The paper also examines the conditions under which the optimal policy relies solely on either prevention or control, the conditions under which it is optimal to completely prevent new introductions, and the conditions under which eradication of established invasions is optimal.

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Paper provided by University of Maryland, Department of Agricultural and Resource Economics in its series Working Papers with number 28595.

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Date of creation: 2005
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Handle: RePEc:ags:umdrwp:28595

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Keywords: Resource /Energy Economics and Policy;

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References listed on IDEAS
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.:
  1. Ormiston Michael B. & Schlee Edward E., 1993. "Comparative Statics under Uncertainty for a Class of Economic Agents," Journal of Economic Theory, Elsevier, vol. 61(2), pages 412-422, December. [Downloadable!] (restricted)
  2. Olson, Lars J & Roy, Santanu, 2002. " The Economics of Controlling a Stochastic Biological Invasion," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 84(5), pages 1311-16. [Downloadable!] (restricted)
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Cited by:
(explanations, 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.)

  1. Allison Davis & Klaus Moeltner, 2009. "Valuing the Prevention of an Infestation: The Threat of the New Zealand Mud Snail in Northern Nevada," Working Papers 09-001, University of Nevada, Reno, Department of Economics & University of Nevada, Reno , Department of Resource Economics. [Downloadable!]
  2. Carrascoa, Luis R. & MacLeod, Alan & Knight, John D. & Baker, Richard & Mumford, John D., 2009. "Optimal Control of Spreading Biological Invasions: For How Long Should We Apply the Brake?," 83rd Annual Conference, March 30-April 1, 2009, Dublin, Ireland 50940, Agricultural Economics Society. [Downloadable!]
  3. Surkov, Ilya V. & Lansink, Alfons G.J.M. Oude & van Kooten, Olaf, 2006. "An empirical model of optimal import phytosanitary inspection," 2006 Annual meeting, July 23-26, Long Beach, CA 21253, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  4. Kimberly Burnett & Sean D’Evelyn & Brooks Kaiser & Porntawee Nantamanasikarn & James Roumasset, 2007. "Beyond the Lamppost: Optimal Prevention and Control of the Brown Treesnake in Hawaii," Working Papers 200714, University of Hawaii at Manoa, Department of Economics. [Downloadable!]
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