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A Cost–Benefit Approach for Prioritizing Invasive Species

Pierre Courtois, Charles Figuieres (), Chloe Mulier and Joakim Weill

Ecological Economics, 2018, vol. 146, issue C, 607-620

Abstract: Biological invasions entail massive biodiversity losses and tremendous economic impacts that justify significant management efforts. Because the funds available to control biological invasions are limited, there is a need to identify priority species. In this paper, we first review current invasive species prioritization methods and explicitly highlight their strengths and pitfalls. We then construct a cost–benefit optimization framework that offers the theoretical foundations of a simple method for the management of multiple invasive species under a limited budget. We provide an algorithm to operationalize this framework and render explicit the assumptions required to satisfy the management objective.

Keywords: Prioritization; Biological invasions; Cost/benefit; Optimization; Diversity (search for similar items in EconPapers)
JEL-codes: Q28 Q57 Q58 (search for similar items in EconPapers)
Date: 2018
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Related works:
Working Paper: A cost-benefit approach for prioritizing invasive species (2018)
Working Paper: A Cost-Benefit Approach for Prioritizing Invasive Species (2017) Downloads
Working Paper: A cost-benefit approach for prioritizing invasive species (2017) Downloads
Working Paper: A Cost-Benefit Approach for Prioritizing Invasive Species (2017) Downloads
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