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A Cost-Benefit Approach for Prioritizing Invasive Species

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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. This paper first review current invasive species prioritization methods and explicitly highlights their pitfalls. We then construct a cost-benefit optimization framework that incorporates species utility, ecological value, distinctiveness, and species interactions. This framework offers the theoretical foundations of a simple and operational method for the management of invasive species under a limited budget constraint. It takes the form of an algorithm for the prioritization of multiple biological invasions.

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  • Pierre Courtois & Charles Figuières & Chloe Mulier & Joakim Weill, 2017. "A Cost-Benefit Approach for Prioritizing Invasive Species," AMSE Working Papers 1733, Aix-Marseille School of Economics, France.
    • Handle: RePEc:aim:wpaimx:1733
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    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. Courtois, Pierre & Figuières, Charles & Mulier, Chloe, 2019. "A Tale of Two Diversities," Ecological Economics, Elsevier, vol. 159(C), pages 133-147.
    4. 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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    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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