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Programs on Invasive Species Management under Growth Uncertainty and Measurement Error

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Abstract
The management programs for invasive species have been proposed in many regions. The resulting outcome on success or failure seems to be significantly affected by the degrees of multiple uncertainties, such as growth uncertainty and measurement error, associated with management practices. This study first examines the optimal policy on invasive species management under growth uncertainty, and then incorporates measurement error into the model. We find various novel results and discuss related policy implications that emanate from the interplays between two sources of the uncertainty. The corresponding values of the optimal programs are also examined.

Suggested Citation

  • Koji Kotani & Makoto Kakinaka & Hiroyuki Matsuda, 2007. "Programs on Invasive Species Management under Growth Uncertainty and Measurement Error," Working Papers EMS_2007_01, Research Institute, International University of Japan.
    • Handle: RePEc:iuj:wpaper:ems_2007_01
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    File URL: https://www.iuj.ac.jp/workingpapers/index.cfm?File=EMS_2007_01.pdf
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    References listed on IDEAS

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    2. Moxnes, Erling, 2003. "Uncertain measurements of renewable resources: approximations, harvesting policies and value of accuracy," Journal of Environmental Economics and Management, Elsevier, vol. 45(1), pages 85-108, January.
    3. Sethi, Gautam & Costello, Christopher & Fisher, Anthony & Hanemann, Michael & Karp, Larry, 2005. "Fishery management under multiple uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 50(2), pages 300-318, September.
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    5. Pimentel, David & Zuniga, Rodolfo & Morrison, Doug, 2005. "Update on the environmental and economic costs associated with alien-invasive species in the United States," Ecological Economics, Elsevier, vol. 52(3), pages 273-288, February.
    6. Koji Kotani & Makoto Kakinaka & Hiroyuki Matsuda, 2006. "Dynamic Economic Analysis on Invasive Species Management: Some Policy Implications of Catchability," Working Papers EMS_2006_16, Research Institute, International University of Japan.
    7. Reed, William J., 1979. "Optimal escapement levels in stochastic and deterministic harvesting models," Journal of Environmental Economics and Management, Elsevier, vol. 6(4), pages 350-363, December.
    8. Lars J. Olson & Santanu Roy, 2002. "The Economics of Controlling a Stochastic Biological Invasion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1311-1316.
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    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Koji Kotani & Makoto Kakinaka & Hiroyuki Matsuda, 2008. "Optimal escapement levels on renewable resource management under process uncertainty: some implications of convex unit harvest cost," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 9(2), pages 107-118, June.

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    More about this item

    Keywords

    bioeconomic model; invasive species management; growth uncertainty; measurement error; stochastic dynamic programming; value of optimal program;
    All these keywords.

    JEL classification:

    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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