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Invasive species change ecosystems and the economic services such ecosystems provide. Optimal policy will minimize the expected damages and costs of prevention and control. We seek to explain policy outcomes as a function of biological and economic factors, using the case of Hawaii to...
Persistent link: https://www.econbiz.de/10005513668
The prevention of invasive species is modeled as a "weaker link" public good. Under the weaker link aggregation technology, individual contributions beyond the lowest level will provide benefits, but these benefits progressively decline as contributions exceed the minimum. A two-region model is...
Persistent link: https://www.econbiz.de/10005468796