IDEAS home Printed from https://ideas.repec.org/p/ags/aaea10/61189.html

Market-Based Instruments for the Optimal Control of Invasive Insect Species: B. Tabaci in Arizona

Author

Listed:
  • Richards, Timothy J.
  • Ellsworth, Peter
  • Tronstad, Russell
  • Naranjo, Steve

Abstract

Invasive insect species represent perhaps one of the most significant potential sources of economic risk to U.S. agricultural production. Private control of invasive insect species is likely to be insufficient due to negative externality and weaker-link public good problems. In this study, we compare a system of Pigouvian taxes with tradable permits for invasive species control. While the emissions control literature shows that taxes are preferred to permits under cost uncertainty, invasive species control involves correlated cost and benefit uncertainty, so we expect a quantity-based system to be preferred. Monte Carlo simulations of optimal steady-state outcomes confirm our expectations.

Suggested Citation

  • Richards, Timothy J. & Ellsworth, Peter & Tronstad, Russell & Naranjo, Steve, 2010. "Market-Based Instruments for the Optimal Control of Invasive Insect Species: B. Tabaci in Arizona," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61189, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea10:61189
    DOI: 10.22004/ag.econ.61189
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/61189/files/Richards_Whitefly_AAEA_2010_Paper.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.61189?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:ags:jrapmc:122310 is not listed on IDEAS
    2. Charles Sims & David Finnoff & Jason F. Shogren, 2018. "Taking One for the Team: Is Collective Action More Responsive to Ecological Change?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(3), pages 589-615, July.
    3. Eli Fenichel & Timothy Richards & David Shanafelt, 2014. "The Control of Invasive Species on Private Property with Neighbor-to-Neighbor Spillovers," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(2), pages 231-255, October.
    4. Chalak, Morteza, 2014. "Optimal Control for a Dispersing Biological Agent," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 39(2), pages 1-19.
    5. Somdeep Chatterjee, 2022. "How Hard Did That Sting? Estimating the Economic Costs of Locust Attacks on Agricultural Production†," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(1), pages 434-459, March.
    6. Kovacs, Kent F. & Haight, Robert G. & Mercader, Rodrigo J. & McCullough, Deborah G., 2014. "A bioeconomic analysis of an emerald ash borer invasion of an urban forest with multiple jurisdictions," Resource and Energy Economics, Elsevier, vol. 36(1), pages 270-289.
    7. Grogan, Kelly A. & Goodhue, Rachael E., 2012. "Spatial Externalities of Pest Control Decisions in the California Citrus Industry," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 37(01), pages 1-24, April.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea10:61189. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.