On Prevention and Control of an Uncertain Biological Invasion

Lars Olson and Santanu Roy

No 28595, Working Papers from University of Maryland, Department of Agricultural and Resource Economics

Abstract: This paper examines how optimal prevention and control policies depend on the economic and biological characteristics of a randomly introduced biological invasion where the objective is to minimize the expected social costs from prevention, control, and invasion damages. The results characterize how optimal prevention and control policies vary with the initial invasion size, the invasion growth rate, and the probability distribution of introductions. The paper also examines the conditions under which the optimal policy relies solely on either prevention or control, the conditions under which it is optimal to completely prevent new introductions, and the conditions under which eradication of established invasions is optimal.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 15
Date: 2005
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Citations: View citations in EconPapers (30)

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Related works:
Journal Article: On Prevention and Control of an Uncertain Biological Invasion (2005)
Journal Article: On Prevention and Control of an Uncertain Biological Invasion * (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:umdrwp:28595

DOI: 10.22004/ag.econ.28595

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