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Title: Bioeconomics of Invasive Species in Aquatic Ecosystems
Contributor(s): Cacho, Oscar Jose  (author)orcid 
Publication Date: 2006
DOI: 10.1080/13657300600695616
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Abstract: When a biological invader is identified in an aquatic ecosystem, rapid response is critical, particularly if the invasive organism has the ability to spread rapidly. The first response should be to attempt to contain the invasion while further information is gathered to evaluate whether eradication is feasible. The eradication versus containment decision is studied by developing and using a stochastic dynamic programming model based on a simple biological spread function. Information requirements to calibrate the decision model for a specific invader are discussed and numerical analysis is undertaken to illustrate how the model can be used when only rough estimates of benefits and costs are available.
Publication Type: Journal Article
Source of Publication: Aquaculture Economics & Management, 10(2), p. 107-124
Publisher: Taylor and Francis
Place of Publication: Philadelphia, USA
ISSN: 1365-7305
Field of Research (FOR): 140205 Environment and Resource Economics
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
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