Dun, Zhe; Mitchell, Paul D. - Agricultural and Applied Economics Association - AAEA - 2011
susceptibility is now renewable and resistance could be reversed. Based on this method, it is plausible to predict that the optimal … model and introduce a real options approach originally used in financial analysis. We propose to view pest susceptibility as … ratio for released to natural pests, but then extend the model to allow for selection of a time-varying ratio. The cost of …