Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86247
Authors: 
Batabyal, Amitrajeet A.
Nijkamp, Peter
Year of Publication: 
2007
Series/Report no.: 
Tinbergen Institute Discussion Paper 07-085/3
Abstract: 
Various plants and resources such as orchards are vulnerable to the detrimental effects of successful invasions by alien animal or plant species. To outline an appropriate policy response, we first use renewal theory to construct a stochastic model of optimal orchard management in the presence of a deleterious alien species. Next, we derive the orchard manager’s long run expected cost (LREC) of orchard management per unit time. Finally, we show that when confronted with a successful biological invasion, the optimal number of trees that need to be removed and replanted in order to keep the orchard under study sustainable in the long run minimizes the LREC function mentioned above.
Subjects: 
Alien Species
Long Run Expected Cost
Orchard Management
Uncertainty
JEL: 
Q24
C44
Document Type: 
Working Paper

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