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Proactive or Reactive? Optimal Management of an Invasive Forest Pest in a Spatial Framework AgEcon
Bond, Craig A.; Champ, Patricia A.; Meldrum, James; Schoettle, Anna.
This paper offers a preliminary investigation into the conditions under which it might be optimal to engage in proactive management of a non-timber forest resource in the presence of an invasive species whose spread is unaffected by management action. Proactive management is defined as treating an uninfected area in order to encourage healthy ecosystem function, given that the arrival of the invasive is inevitable. Inspired by the problem of white pine blister rust in the Rocky Mountain west, the model was solved under varying assumptions concerning the scale of management action, benefit and costs, the discount rate, and uncertainty of spread. Results showed that proactive strategies tended to be optimal when, ceteris paribus, a) more resources are...
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/61519
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