Delaying the Catastrophic Arrival of the Brown Tree Snake to Hawaii

Kimberly M. Burnett (), James Roumasset () and Yacov Tsur
Additional contact information
Yacov Tsur: Department of Agricultural Economics & Management, Hebrew University of Jerusalem

No 200715, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: This paper develops a two-stage model for the optimal management of a potential invasive species. The arrival of an invasive species is modeled as an irreversible event with an uncertain arrival time. The model is solved in two stages, beginning with the post-invasion stage. In this stage, we assume perfect certainty regarding population size and arrivals. The loss-minimizing paths of prevention and control are identified, resulting in a minimized present value penalty associated with the invasion. After calculating this penalty, we analyze the pre-invasion stage and solve for the level of prevention expenditures that will minimize expected total cost. For the case of the Brown Tree Snake potentially invading Hawaii, we find that under a regime of precommitment, pre-invasion expenditures on prevention should be approximately $3.2 million today, decreasing every year until invasion. However, if the planner is permitted to re-evaluate the threat following a non-event, prevention will be lower ($2.96 million a year) and constant until invasion. Once invasion occurs, optimal management requires lower annual expenditures on prevention ($3.1 million) but requires $1.6 million to be spent on control annually to keep the population at its steady state level.

Keywords: catastrophe; hazard function; invasive species; Brown Tree Snake; Boiga irregularis; prevention and control; Hawaii (search for similar items in EconPapers)
JEL-codes: Q20 Q28 Q54 Q57 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-env
Date: 2007-07-07
View list of references

Downloads: (external link)
http://www.economics.hawaii.edu/research/workingpapers/WP_07-15.pdf First version, 2007 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:hai:wpaper:200715

Ordering information: This working paper can be ordered from
http://www.economics ... s/workingpapers.html

Access Statistics for this paper

More papers in Working Papers from University of Hawaii at Manoa, Department of Economics
Contact information at EDIRC.
Series data maintained by Web Technician ().