Title
Optimal Regulation of Invasive Species Long-Range Spread: A General Equilibrium Approach
Document Type
Article
Publication Date
10-2015
Abstract
Economic activity is implicated in the long-range spread of invasive species, resulting in ecological and economic damages. Current policies that are used to prevent such spread include specific and ad valorem taxes. However, these taxes are often created under ecological and economic uncertainty. To address this concern, this paper develops a general equilibrium model capable of evaluating the efficiency of specific and ad valorem taxes under uncertainty. Results show that specific taxes are more efficient at achieving a social optimum under imperfect information and that a combination of taxes is needed for multiple forms of long-range transmission.
DOI
10.1515/bejeap-2014-0087
Publisher
De Gruyter
Repository Citation
McDermott, S. (2015). Optimal regulation of invasive species long-range spread: A general equilibrium approach. The B. E. Journal of Economic Analysis & Policy, 15(4), 1731-1752. https://doi.org/10.1515/bejeap-2014-0087
Publication Information
The B. E. Journal of Economic Analysis & Policy