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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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    References listed on IDEAS

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    1. Pierre Courtois & Charles Figuières & Chloé Mulier, 2014. "Conservation Priorities when Species Interact: the Noah's Ark Metaphor Revisited," Working Papers 2014.02, FAERE - French Association of Environmental and Resource Economists.
    2. Morteza Chalak & Maksym Polyakov & David J. Pannell, 2017. "Economics of Controlling Invasive Species: A Stochastic Optimization Model for a Spatial-dynamic Process," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 99(1), pages 123-139.
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    4. Martin L. Weitzman, 1998. "The Noah's Ark Problem," Econometrica, Econometric Society, vol. 66(6), pages 1279-1298, November.
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    6. 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.
    7. Finnoff, David & Potapov, Alexei & Lewis, Mark A., 2010. "Control and the management of a spreading invader," Resource and Energy Economics, Elsevier, vol. 32(4), pages 534-550, November.
    8. Courtois, Pierre & Figuières, Charles & Mulier, Chloe, 2019. "A Tale of Two Diversities," Ecological Economics, Elsevier, vol. 159(C), pages 133-147.
    9. John A. C. Conybeare, 1992. "A Portfolio Diversification Model of Alliances," Journal of Conflict Resolution, Peace Science Society (International), vol. 36(1), pages 53-85, March.
    10. Pimentel, David & Zuniga, Rodolfo & Morrison, Doug, 2005. "Update on the environmental and economic costs associated with alien-invasive species in the United States," Ecological Economics, Elsevier, vol. 52(3), pages 273-288, February.
    11. Olson, Lars J., 2006. "The Economics of Terrestrial Invasive Species: A Review of the Literature," Agricultural and Resource Economics Review, Cambridge University Press, vol. 35(1), pages 178-194, April.
    12. Simianer, H. & Marti, S. B. & Gibson, J. & Hanotte, O. & Rege, J. E. O., 2003. "An approach to the optimal allocation of conservation funds to minimize loss of genetic diversity between livestock breeds," Ecological Economics, Elsevier, vol. 45(3), pages 377-392, July.
    13. 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.
    14. Liu, Shuang & Hurley, Michael & Lowell, Kim E. & Siddique, Abu-Baker M. & Diggle, Art & Cook, David C., 2011. "An integrated decision-support approach in prioritizing risks of non-indigenous species in the face of high uncertainty," Ecological Economics, Elsevier, vol. 70(11), pages 1924-1930, September.
    15. Khursheed Alam & Calvin Williams, 1993. "Relative difference in diversity between populations," Annals of the Institute of Statistical Mathematics, Springer;The Institute of Statistical Mathematics, vol. 45(2), pages 383-399, June.
    16. Epanchin-Niell, Rebecca S. & Wilen, James E., 2012. "Optimal spatial control of biological invasions," Journal of Environmental Economics and Management, Elsevier, vol. 63(2), pages 260-270.
    17. Weitzman, M.L., 1992. "Diversity Functions," Harvard Institute of Economic Research Working Papers 1610, Harvard - Institute of Economic Research.
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    Cited by:

    1. Courtois, Pierre & Figuières, Charles & Mulier, Chloe, 2019. "A Tale of Two Diversities," Ecological Economics, Elsevier, vol. 159(C), pages 133-147.
    2. 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.
    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).

    More about this item

    Keywords

    Prioritization; Biological invasions; Cost/benefit; Optimization; Diversity;

    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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