Template-type: ReDIF-Paper 1.0
Author-Name: Koji Kotani
Author-Name-First: Koji
Author-Name-Last: Kotani
Author-Email: kkotani@iuj.ac.jp
Author-Workplace-Name: International University of University
Author-Workplace-Homepage: http://www.iuj.ac.jp/
Author-Name: Makoto Kakinaka
Author-Name-First: Makoto
Author-Name-Last: Kakinaka
Author-Email: kakinaka@iuj.ac.jp
Author-Workplace-Name: International University of University
Author-Workplace-Homepage: http://www.iuj.ac.jp/
Author-Name: Hiroyuki Matsuda
Author-Name-First: Hiroyuki
Author-Name-Last: Matsuda
Author-Email: matsuda@ynu.ac.jp
Author-Workplace-Name: Yokohama National University
Author-Workplace-Homepage: http://www.ynu.ac.jp/
Title: Programs on Invasive Species Management under Growth Uncertainty and Measurement Error
Abstract: The management programs for invasive species have been proposed in many regions. The resulting outcome on success or failure seems to be significantly affected by the degrees of multiple uncertainties, such as growth uncertainty and measurement error, associated with management practices. This study first examines the optimal policy on invasive species management under growth uncertainty, and then incorporates measurement error into the model. We find various novel results and discuss related policy implications that emanate from the interplays between two sources of the uncertainty. The corresponding values of the optimal programs are also examined.
Classification-JEL: Q57, Q58
Length: 37 pages
Creation-Date: 2007-02
Number: EMS_2007_01
File-URL: https://www.iuj.ac.jp/workingpapers/index.cfm?File=EMS_2007_01.pdf
File-Format: Application/pdf
File-Function: First version, 2007
File-Size: 1323KB
Keywords: bioeconomic model, invasive species management, growth uncertainty, measurement error, stochastic dynamic programming, value of optimal program
Handle: RePEc:iuj:wpaper:EMS_2007_01