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A cost-benefit approach for prioritizing invasive species

Pierre Courtois (), Charles FiguiËres (), ChloÈ Mulier () and Joakim Weill ()
Additional contact information
Pierre Courtois: CEEM ñ INRA
Charles FiguiËres: AMSE ñ Aix-Marseille University
ChloÈ Mulier: Innovation
Joakim Weill: Dept of Agricultural and Resource Economics, University of California, Davis

No 2017.06, Policy Papers from FAERE - French Association of Environmental and Resource Economists

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. This paper first reviews current invasive species prioritization methods and explicitly highlights their pitfalls. We then construct a cost-benefit optimization framework that incorporates species utility, ecological value, distinctiveness, and species interactions. This framework 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: Biological invasion; Prioritization; cost-benefit; optimization; Diversity (search for similar items in EconPapers)
JEL-codes: Q28 Q57 Q58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-env
Date: 2017-12
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Forthcoming in Ecological Economics

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http://faere.fr/pub/PolicyPapers/Courtois_Figui%C3 ... _FAERE_PP2017_06.pdf First version, 2017 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:fae:ppaper:2017.06

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