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Optimal Management of a Potential Invader: The Case of Zebra Mussels in Florida AgEcon
Lee, Donna J.; Adams, Damian C.; Rossi, Frederick J..
Dominant users of Lake Okeechobee water resources are agricultural producers and recreational anglers. These uses will be directly affected, should the lake become infested with zebra mussels. We employ a probabilistic bioeconomic simulation model to estimate the potential impact of zebra mussels on consumptive water uses, recreational angling, and wetland ecosystem services under alternative public management scenarios. Without public management, the expected net economic impact from zebra mussels is - $244.1 million over 20 years. Public investment in prevention and eradication will yield a net expected gain of +$188.7 million, a superior strategy to either prevention or eradication alone.
Tipo: Journal Article Palavras-chave: Cost transfer; Fishing; Invasive species; Probability transition matrix; Surface water; Wetlands; C63; Q25; Q52; Q57; Q58.
Ano: 2007 URL: http://purl.umn.edu/37125
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Optimal investment in prevention and control of a potential invader: the case of zebra mussels in Florida waterways AgEcon
Adams, Damian C.; Lee, Donna J.; Rossi, Frederick J..
The probability of a severe infestation ranges from 2% to 98% depending on investment in monitoring, prevention, and response technology. Given the estimated potential for economic damages, preliminary results indicate that prudent investment in prevention and early response net a present value net return of $10 million over 20 years.
Tipo: Conference Paper or Presentation Palavras-chave: Invasive species; Bio-pollutant; Control cost; Cost transfer; Surface water; Risk; Environmental Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/34933
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