The economics of controlling a stochastic biological invasion

Olson, L.J. and Roy, S. (2002) The economics of controlling a stochastic biological invasion. American Journal of Agricultural Economics, 84 (5). pp. 1311-1316.

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Abstract

This paper analyses the economic and ecological conditions under which it is optimal and not optimal to attempt eradication of an invasive species whose natural growth and spread is subject to environmental disturbances. It is shown that the growth of the invasion corresponding to the disturbance that leads to slowest expansion plays a critical role. The paper characterizes how the outcome depends on the distribution of environmental disturbances, the discount rate, the marginal damages from the invasion, and the marginal costs of control

Item Type: Article
Author Affiliation: Department of Agricultural and Resource Economics, University of Maryland, College Park, MD 20742, USA
Subjects: Plant Protection > Pests
Social Sciences > Agricultural Economics
Divisions: General
Depositing User: Mr B Krishnamurthy
Date Deposited: 08 Mar 2011 22:44
Last Modified: 08 Mar 2011 22:44
Official URL: http://dx.doi.org/10.1111/1467-8276.00395
URI: http://eprints.icrisat.ac.in/id/eprint/1593

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