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Provedor de dados:  AgEcon
País:  United States
Título:  Market-Based Instruments for the Optimal Control of Invasive Insect Species: B. Tabaci in Arizona
Autores:  Richards, Timothy J.
Ellsworth, Peter
Tronstad, Russell
Naranjo, Steve
Data:  2010-12-14
Ano:  2010
Palavras-chave:  Externalities
Invasive species
Optimal control
Permits
Spatial-temporal model
Taxes
Crop Production/Industries
Resource /Energy Economics and Policy
Resumo:  Invasive insect species represent perhaps one of the most significant potential sources of economic risk to U.S. agricultural production. Private control of invasive insect species is likely to be insufficient due to negative externality and weaker-link public good problems. In this study, we compare a system of Pigouvian taxes with tradable permits for invasive species control. While the emissions control literature shows that taxes are preferred to permits under cost uncertainty, invasive-species control involves correlated cost and benefit uncertainty. Hence, we expect a quantity-based system to be preferred. Monte Carlo simulations of optimal steady-state outcomes confirm our expectations.
Tipo:  Journal Article
Idioma:  Inglês
Identificador:  http://purl.umn.edu/97852
Relação:  Journal of Agricultural and Resource Economics>Volume 35, Number 3, December 2010
Formato:  19
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