Optimal renewable resource management in the presence of endogenous risk of invasion

Ram Ranjan*, Elizabeth Marshall, James Shortle

*Corresponding author for this work

    Research output: Contribution to journalArticle

    11 Citations (Scopus)

    Abstract

    In this paper we examine the optimal management of a renewable resource that is at risk from alien species invasion. The objective of this paper is to derive implications for optimal management of a resource when options exist for both preventing the arrival of an invasive species and mitigating the impact of that arrival. Uncertainty about the timing and nature of an invasion can have important implications for the choice of management strategy, and a key feature of this analysis is an explicit treatment of that uncertainty.

    Original languageEnglish
    Pages (from-to)273-283
    Number of pages11
    JournalJournal of Environmental Management
    Volume89
    Issue number4
    DOIs
    Publication statusPublished - Dec 2008

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