Optimal investment in prevention and control of a potential invader: the case of zebra mussels in Florida waterways

Damian C. Adams, Donna J. Lee and Frederick Rossi

No 34933, 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama from Southern Agricultural Economics Association

Abstract: The probability of a severe infestation ranges from 2% to 98% depending on investment in monitoring, prevention, and response technology. Given the estimated potential for economic damages, preliminary results indicate that prudent investment in prevention and early response net a present value net return of $10 million over 20 years.

Keywords: Invasive species; bio-pollutant; control cost; cost transfer; surface water; risk; Environmental Economics and Policy (search for similar items in EconPapers)
Date: 2007
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