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Programs on Invasive Species Management under Growth Uncertainty and Measurement Error

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Abstract

The management programs for invasive species have been proposed in many regions. The resulting outcome on success or failure seems to be significantly affected by the degrees of multiple uncertainties, such as growth uncertainty and measurement error, associated with management practices. This study first examines the optimal policy on invasive species management under growth uncertainty, and then incorporates measurement error into the model. We find various novel results and discuss related policy implications that emanate from the interplays between two sources of the uncertainty. The corresponding values of the optimal programs are also examined.

Suggested Citation

  • Koji Kotani & Makoto Kakinaka & Hiroyuki Matsuda, 2007. "Programs on Invasive Species Management under Growth Uncertainty and Measurement Error," Working Papers EMS_2007_01, Research Institute, International University of Japan.
  • Handle: RePEc:iuj:wpaper:ems_2007_01
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    File URL: http://www.iuj.ac.jp/workingpapers/index.cfm?File=EMS_2007_01.pdf
    File Function: First version, 2007
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    References listed on IDEAS

    as
    1. Koji Kotani & Makoto Kakinaka & Hiroyuki Matsuda, 2006. "Dynamic Economic Analysis on Invasive Species Management: Some Policy Implications of Catchability," Working Papers EMS_2006_16, Research Institute, International University of Japan.
    2. Reed, William J., 1979. "Optimal escapement levels in stochastic and deterministic harvesting models," Journal of Environmental Economics and Management, Elsevier, vol. 6(4), pages 350-363, December.
    3. Kenneth L. Judd, 1998. "Numerical Methods in Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262100711, January.
    4. Sethi, Gautam & Costello, Christopher & Fisher, Anthony & Hanemann, Michael & Karp, Larry, 2005. "Fishery management under multiple uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 50(2), pages 300-318, September.
    5. Lars J. Olson & Santanu Roy, 2002. "The Economics of Controlling a Stochastic Biological Invasion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1311-1316.
    6. Mark Eiswerth & Wayne Johnson, 2002. "Managing Nonindigenous Invasive Species: Insights from Dynamic Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 23(3), pages 319-342, November.
    7. Clark, Colin W. & Kirkwood, Geoffrey P., 1986. "On uncertain renewable resource stocks: Optimal harvest policies and the value of stock surveys," Journal of Environmental Economics and Management, Elsevier, vol. 13(3), pages 235-244, September.
    8. 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.
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    Cited by:

    1. Koji Kotani & Makoto Kakinaka & Hiroyuki Matsuda, 2008. "Optimal escapement levels on renewable resource management under process uncertainty: some implications of convex unit harvest cost," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 9(2), pages 107-118, June.

    More about this item

    Keywords

    bioeconomic model; invasive species management; growth uncertainty; measurement error; stochastic dynamic programming; value of optimal program;

    JEL classification:

    • 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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