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Provedor de dados:  AgEcon
País:  United States
Título:  A Dynamic Principal-Agent Model of Human-Mediated Aquatic Species Invasions
Autores:  MacPherson, Alexander J.
Moore, Rebecca
Provencher, Bill
Data:  2007-06-27
Ano:  2006
Palavras-chave:  Invasive species
Random utility model
Eurasion watermilfoil
Dynamic optimiza-tion
Resource /Energy Economics and Policy
Resumo:  This paper presents a dynamic principal-agent model of aquatic species invasions in which a manager, concerned about the spread of invasive species across lakes by boaters, sets interseasonal management controls on a lake-by-lake basis, and boaters make a series of intraseasonal trip decisions to maximize random utility during the course of the season, conditional on the controls imposed by the manager. The results of a simulated invasion of Eurasian watermilfoil (Myriophyllum spicatum) highlight interesting aspects of the optimal management policies under two different management objectives: maximizing boater welfare and minimizing milfoil spread.
Tipo:  Journal Article
Idioma:  Inglês
Identificador:  26784
Editor:  AgEcon Search
Relação:  Agricultural and Resource Economics Review>Volume 35, Number 1, April 2006
Formato:  11


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