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A Dynamic Principal-Agent Model of Human-Mediated Aquatic Species Invasions AgEcon
Moore, Rebecca; MacPherson, Alexander J.; Provencher, Bill.
This paper presents an integrated ecological and economic model of aquatic plant species invasions in which resource users are the primary vector of species colonization. A random utility model of boater behavior is combined with ecological information about the invader and the landscape to form a dynamic principal-agent model in which the principal is a manager concerned with the interseasonal spread of invasive species across lakes, and agents are recreational boaters making a series of intraseasonal trip decisions to maximize random utility during the course of the season. Agent behavior is sensitive to both the degradation of environmental quality on colonized lakes and the actions taken by resource managers to control the spread of the invasive...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy.
Ano: 2005 URL: http://purl.umn.edu/12684
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A Dynamic Principal-Agent Model of Human-Mediated Aquatic Species Invasions AgEcon
MacPherson, Alexander J.; Moore, Rebecca; Provencher, Bill.
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 Palavras-chave: Invasive species; Random utility model; Eurasion watermilfoil; Dynamic optimiza-tion; Principal-agent; Resource /Energy Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/10189
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