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Volume 39, Special Issue, October 2007 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/37141
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| Title: | Multiregional Invasive Species Management: Theory and an Application to Florida's Exotic Plants |
| Authors: | Kim, C.S.
Lee, Donna J.
Schaible, Glenn D.
Vasavada, Utpal |
| Keywords: | budget allocation
equimarginal condition
Florida invasive species
invasive plants
optimal control |
| JEL Codes: | B41
C02
Q51
Q57 |
| Issue Date: | 2007-10 |
| 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. |
| URI: | http://purl.umn.edu/37141 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 39, Special Issue, October 2007 |
| Total Pages: | 14 |
| From Page: | 111 |
| To Page: | 124 |
| Collections: | Volume 39, Special Issue, October 2007
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| Kim JAAE October 2007.pdf | | 5470Kb | PDF | View/Open |
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