A cost-benefit approach for prioritizing invasive species
Pierre Courtois (),
Charles FiguiËres (),
ChloÈ Mulier () and
Joakim Weill ()
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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
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)
Pages: 42 pages
New Economics Papers: this item is included in nep-env
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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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