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A Cost–Benefit Approach for Prioritizing Invasive Species

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  • Courtois, Pierre
  • Figuieres, Charles
  • Mulier, Chloe
  • Weill, Joakim

Abstract

Biological invasions entail massive biodiversity losses and tremendous economic impacts that justify significant management efforts. Because the funds available to control biological invasions are limited, there is a need to identify priority species. In this paper, we first review current invasive species prioritization methods and explicitly highlight their strengths and pitfalls. We then construct a cost–benefit optimization framework that offers the theoretical foundations of a simple method for the management of multiple invasive species under a limited budget. We provide an algorithm to operationalize this framework and render explicit the assumptions required to satisfy the management objective.

Suggested Citation

  • Courtois, Pierre & Figuieres, Charles & Mulier, Chloe & Weill, Joakim, 2018. "A Cost–Benefit Approach for Prioritizing Invasive Species," Ecological Economics, Elsevier, vol. 146(C), pages 607-620.
    • Handle: RePEc:eee:ecolec:v:146:y:2018:i:c:p:607-620
    DOI: 10.1016/j.ecolecon.2017.11.037
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    8. Courtois, Pierre & Figuières, Charles & Mulier, Chloe, 2019. "A Tale of Two Diversities," Ecological Economics, Elsevier, vol. 159(C), pages 133-147.
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    14. van der Heide, C. Martijn & van den Bergh, Jeroen C.J.M. & van Ierland, Ekko C., 2005. "Extending Weitzman's economic ranking of biodiversity protection: combining ecological and genetic considerations," Ecological Economics, Elsevier, vol. 55(2), pages 218-223, November.
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    Cited by:

    1. Albers, Heidi J. & Hall, Kim Meyer & Lee, Katherine D. & Taleghan, Majid Alkaee & Dietterich, Thomas G., 2018. "The Role of Restoration and Key Ecological Invasion Mechanisms in Optimal Spatial-Dynamic Management of Invasive Species," Ecological Economics, Elsevier, vol. 151(C), pages 44-54.
    2. Courtois, Pierre & Figuières, Charles & Mulier, Chloe, 2019. "A Tale of Two Diversities," Ecological Economics, Elsevier, vol. 159(C), pages 133-147.
    3. Delgado Castillo, Ángela & van den Bergh, Jeroen C.J.M. & Savin, Ivan & Sarto i Monteys, Víctor, 2020. "Cost-benefit analysis of conservation policy: The red palm weevil in Catalonia, Spain," Ecological Economics, Elsevier, vol. 167(C).

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    More about this item

    Keywords

    Prioritization; Biological invasions; Cost/benefit; Optimization; Diversity;
    All these keywords.

    JEL classification:

    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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