Multiregional Invasive Species Management: Theory and an Application to Florida's Exotic Plants

C.S. Kim, Donna J. Lee, Glenn Schaible () and Utpal Vasavada

Journal of Agricultural and Applied Economics, 2007, vol. 39, issue Special, 14

Abstract: This research develops a multiregional optimal control model that incorporates regional allocation of a public budget for controlling invasive plants when regionally differential recreation demand functions and species control costs are present. Our equimarginal condition for optimal budget allocation equates the relative marginal economic benefits per dollar spent across regions. The model was applied to Florida Public Conservation Land regions, and results indicate that the magnitude of an annual management budget affects its distribution among species management regions, but the size of the intrinsic growth rate does not affect the pattern of budget allocation among regions.

Date: 2007
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Journal Article: Multiregional Invasive Species Management: Theory and an Application to Florida's Exotic Plants (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:37141

DOI: 10.22004/ag.econ.37141

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