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Beyond the Lamppost: Optimal Prevention and Control of the Brown Treesnake in Hawaii

Burnett, Kimberly; Sean D’Evelyn; Kaiser, Brooks; … - Department of Economics, University of Hawaii-Manoa - 2007

In this paper, an integrated model for the prevention and control of an invasive species is developed. The generality of the model allows it to be used for both existing and potential threats to the system of interest. The deterministic nature of arrivals in the model allows for a clear...

Persistent link: https://www.econbiz.de/10005824140

Delaying the Catastrophic Arrival of the Brown Tree Snake to Hawaii

Burnett, Kimberly; Roumasset, James; Tsur, Yacov - Department of Economics, University of Hawaii-Manoa - 2007

This paper develops a two-stage model for the optimal management of a potential invasive species. The arrival of an invasive species is modeled as an irreversible event with an uncertain arrival time. The model is solved in two stages, beginning with the post-invasion stage. In this stage, we...

Persistent link: https://www.econbiz.de/10005704478

Control of Invasive Species: Lessons from Miconia in Hawaii

Kaiser, Brooks; Burnett, Kimberly; Roumasset, James - Department of Economics, University of Hawaii-Manoa - 2006

Once established, invasive species can rapidly and irreversibly alter ecosystems and degrade the value of ecosystem … dynamic policy options for a forest invader. Potential damages to Hawaii's forest ecosystems are related to decreased aquifer … recharge, biodiversity, and other ecosystem values. We find that population reduction is the optimal management policy for the …

Persistent link: https://www.econbiz.de/10005704456

Governing the Resource: Scarcity-Induced Institutional Change

Roumasset, James; Tarui, Nori - Department of Economics, University of Hawaii-Manoa - 2010

We provide a dynamic model of natural resource management where the optimal institutional structure that governs resource use changes with resource depletion. Copeland and Taylor (2009) analyze how characteristics of a natural resource determine whether its steady-state management regime is open...

Persistent link: https://www.econbiz.de/10008685108

Integrated Groundwater Resource Management

Roumasset, James; Wada, Christopher - Department of Economics, University of Hawaii-Manoa - 2014

General principles of groundwater management for a single aquifer are extended to the management of multiple water resources, including additional aquifers, recycled wastewater, and desalinated seawater. Optimal groundwater extraction can be incentivized by pricing according to the Pearce...

Persistent link: https://www.econbiz.de/10011162937

The Economics of Groundwater

Roumasset, James; Wada, Christopher - Department of Economics, University of Hawaii-Manoa - 2012

We provide a synthesis of the economics of groundwater with a focus on optimal management and the Pearce equation for renewable resources. General management principles developed through the solution of a single aquifer optimization problem are extended to the management of multiple resources...

Persistent link: https://www.econbiz.de/10010552344

Confuser Cost

Pongkijvorasin, Sittidaj; Roumasset, James - Department of Economics, University of Hawaii-Manoa - 2007

The terms “royalty”, “marginal user cost”, and “scarcity rent” are often used interchangeably in resource economics, resulting in considerable confusion. We suggest distinct and meaningful definitions for the terms “royalty”, “marginal user cost”, and “scarcity rent” and...

Persistent link: https://www.econbiz.de/10005766443

Cooperation in the Commons with Unobservable Actions

Tarui, Nori; Mason, Charles; Polasky, Stephen; Ellis, Greg - Department of Economics, University of Hawaii-Manoa - 2007

We model a dynamic common property resource game with unobservable actions and non-linear stock dependent costs. We propose a strategy profile that generates a worst perfect equilibrium in the punishment phase, thereby supporting cooperation under the widest set of conditions. We show under what...

Persistent link: https://www.econbiz.de/10005704428

Forecasting Based on Common Trends in Mixed Frequency Samples

Fuleky, Peter; Bonham, Carl S. - Department of Economics, University of Hawaii-Manoa - 2011

We extend the existing literature on small mixed frequency single factor models by allowing for multiple factors, considering indicators in levels, and allowing for cointegration among the indicators. We capture the cointegrating relationships among the indicators by common factors modeled as...

Persistent link: https://www.econbiz.de/10009321242

Integration of North and South American Players in Japan's Professional Baseball Leagues

LaCroix, Sumner; Kawaura, Akihiko - Department of Economics, University of Hawaii-Manoa - 2011

Teams in Japan’s two professional baseball leagues began to add foreign players to their rosters in the early 1950s, with the average number of foreign players per team reaching 5.79 in 2004. One reason for their increased use of foreign players was that foreign hitters substantially...

Persistent link: https://www.econbiz.de/10009359869