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

Published online by Cambridge University Press:  28 April 2015

C.S. Kim ,
Donna Lee ,
Glenn Schaible  and
Utpal Vasavada
C.S. Kim
Affiliation:
Economic Research Service, U.S. Department of Agriculture
Donna Lee
Affiliation:
Food & Resource Economics Department, University of Florida, Gainesville, FL
Glenn Schaible
Affiliation:
Economic Research Service, U.S. Department of Agriculture
Utpal Vasavada
Affiliation:
Production Economics & Technology Branch, Economic Research Service, U.S. Department of Agriculture, Washington, D.C
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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.

Keywords

budget allocationequimarginal conditionFlorida invasive speciesinvasive plantsoptimal controlB41C02Q51Q57

Information

Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 39 , Issue s1 , October 2007 , pp. 111 - 124
Copyright
Copyright © Southern Agricultural Economics Association 2007

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