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Title: Estimating the Value of Invasive Aquatic Plant Control: A Bioeconomic Analysis of 13 Public Lakes in Florida
Authors: Adams, Damian C.
Lee, Donna J.
Keywords: aquatic plants
invasive species
maintenance control
JEL Codes: Q57
Issue Date: 2007-10
Abstract: We present a bioeconomic model of three invasive aquatic plants (hydrilla, water hyacinth, and water lettuce) in 13 large Florida lakes, and simulate one-year and steady-state impacts of three control scenarios. We estimate that the steady-state annual net benefit of invasive plant control is $59.95 million. A one-year increase in control yields steady-state gains of $6.55 million per year, and a one-year lapse causes steady-state annual losses of $18.71 million. This model shows that increased control of hydrilla, water hyacinth, and water lettuce is optimal.
Institution/Association: Journal of Agricultural and Applied Economics>Volume 39, Special Issue, October 2007
From Page: 97
To Page: 109
Collections:Volume 39, Special Issue, October 2007

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