| Registro completo |
| 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
Principal-agent
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
http://purl.umn.edu/10189
|
| Editor: |
AgEcon Search
|
| Relação: |
Agricultural and Resource Economics Review>Volume 35, Number 1, April 2006
|
| Formato: |
11
application/pdf
|
|
