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Optimal Pest Control In Floriculture Production Of Ornamental Crops

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  • Schumacher, Sara K.
  • Marsh, Thomas L.
  • Williams, Kimberly A.

Abstract

We develop a conceptual bioeconomic model of floriculture production, wherein optimal decision rules depend on an intertemporal economic objective to maximize profits subject to economic and biological processes. The necessary conditions highlight intertemporal tradeoffs between aesthetic benefits and expected future net benefits of insect stocks, which have important policy implications.

Suggested Citation

  • Schumacher, Sara K. & Marsh, Thomas L. & Williams, Kimberly A., 2003. "Optimal Pest Control In Floriculture Production Of Ornamental Crops," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35025, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeatm:35025
    DOI: 10.22004/ag.econ.35025
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    References listed on IDEAS

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    1. Feichtinger, Gustav & Novak, Andreas & Wirl, Franz, 1994. "Limit cycles in intertemporal adjustment models : Theory and applications," Journal of Economic Dynamics and Control, Elsevier, vol. 18(2), pages 353-380, March.
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    5. Wirl Franz, 1995. "The Cyclical Exploitation of Renewable Resource Stocks May Be Optimal," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 252-261, September.
    6. Laxminarayan, Ramanan, 2001. "Bacterial Resistance and the Optimal Use of Antibiotics," RFF Working Paper Series dp-01-23, Resources for the Future.
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