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Private Responses to Public Incentives for Invasive Species Management

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  • Ranjan, Ram
  • Evans, Edward A.

Abstract

In this paper the impact of public policies such as subsidies and taxation on invasive species management is explored in a Markov chain framework. Private agents react to public incentives based upon their long term expected profits and have the option of taking measures such as abatement, monitoring and reporting. Conditions for perverse incentives are derived. The impact of sequencing of taxation and subsides on spread of risks if explored. One key finding of this paper is that excessive regulation may exacerbate the invasive species problem.

Suggested Citation

  • Ranjan, Ram & Evans, Edward A., 2004. "Private Responses to Public Incentives for Invasive Species Management," Working Papers 15645, University of Florida, International Agricultural Trade and Policy Center.
    • Handle: RePEc:ags:uflowp:15645
    DOI: 10.22004/ag.econ.15645
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    References listed on IDEAS

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    1. Mark E. Eiswerth & G. Cornelis van Kooten, 2002. "Uncertainty, Economics, and the Spread of an Invasive Plant Species," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1317-1322.
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    3. Chad Settle & Jason E Shogren, 2002. "Modeling Native-Exotic Species within Yellowstone Lake," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1323-1328.
    4. Geoffard, Pierre-Yves & Philipson, Tomas, 1997. "Disease Eradication: Private versus Public Vaccination," American Economic Review, American Economic Association, vol. 87(1), pages 222-230, March.
    5. McAusland, Carol & Costello, Christopher, 2004. "Avoiding invasives: trade-related policies for controlling unintentional exotic species introductions," Journal of Environmental Economics and Management, Elsevier, vol. 48(2), pages 954-977, September.
    6. Charles Perrings, 1998. "Resilience in the Dynamics of Economy-Environment Systems," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 503-520, April.
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