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On Prevention and Control of an Uncertain Biological Invasion

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  • Olson, Lars J.
  • Roy, Santanu

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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File URL: http://purl.umn.edu/28595
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Bibliographic Info

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;

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. 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.
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Citations

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Cited by:
  1. Mehta, Shefali V. & Haight, Robert G. & Homans, Frances R. & Polasky, Stephen & Venette, Robert C., 2007. "Optimal detection and control strategies for invasive species management," Ecological Economics, Elsevier, vol. 61(2-3), pages 237-245, March.
  2. 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.
  3. Carrasco, Luis Roman & 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.
  4. James Sanchirico & Heidi Albers & Carolyn Fischer & Conrad Coleman, 2010. "Spatial Management of Invasive Species: Pathways and Policy Options," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 45(4), pages 517-535, April.
  5. Davis, Alison F. & Moeltner, Klaus, 2010. "Valuing the Prevention of an Infestation: The Threat of the New Zealand Mud Snail in Northern Nevada," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 39(1), February.
  6. Cook, David C. & Fraser, Rob W., 2008. "Trade and invasive species risk mitigation: Reconciling WTO compliance with maximising the gains from trade," Food Policy, Elsevier, vol. 33(2), pages 176-184, April.
  7. Kimberly Burnett & Sittidaj Pongkijvorasin & James Roumasset, 2012. "Species Invasion as Catastrophe: The Case of the Brown Tree Snake," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 51(2), pages 241-254, February.
  8. 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.
  9. Haight, Robert G. & Polasky, Stephen, 2010. "Optimal control of an invasive species with imperfect information about the level of infestation," Resource and Energy Economics, Elsevier, vol. 32(4), pages 519-533, November.
  10. 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.
  11. Carrasco, L.R. & Mumford, J.D. & MacLeod, A. & Knight, J.D. & Baker, R.H.A., 2010. "Comprehensive bioeconomic modelling of multiple harmful non-indigenous species," Ecological Economics, Elsevier, vol. 69(6), pages 1303-1312, April.
  12. Albers, Heidi J. & Fischer, Carolyn & Sanchirico, James N., 2010. "Invasive species management in a spatially heterogeneous world: Effects of uniform policies," Resource and Energy Economics, Elsevier, vol. 32(4), pages 483-499, November.
  13. Linda Fernandez & Glenn Sheriff, 2013. "Optimal Border Policies for Invasive Species Under Asymmetric Information," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 56(1), pages 27-45, September.
  14. Surkov, Ilya V. & Oude Lansink, Alfons G.J.M. & 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).

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