Estimating the Value of Invasive Aquatic Plant Control: A Bioeconomic Analysis of 13 Public Lakes in Florida

We present a bioeconomic model of three invasive aquatic plants (hydrilla, water hyacinth, and water lettuce) in 13 large Florida lakes, and simulate one-year and steady-state impacts of three control scenarios. We estimate that the steady-state annual net benefit of invasive plant control is $59.95...

Full description

Saved in:
Bibliographic Details
Published in:Journal of agricultural and applied economics 2007-10, Vol.39 (s1), p.97-109
Main Authors: Adams, Damian C., Lee, Donna J.
Format: Article
Language:English
Subjects:
Aquatic plants
aquatic weeds
bioeconomic models
bioeconomics
economic impact
Eichhornia crassipes
Expenditures
Fish
Funding
Herbicides
Hydrilla verticillata
Invasive plants
invasive species
Lakes
Lettuce
maintenance control
Nonnative species
Pistia stratiotes
Q25
Q26
Q28
Q51
Q57
Recreation
Sport fishing
Water
weed control
Wildlife conservation
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:We present a bioeconomic model of three invasive aquatic plants (hydrilla, water hyacinth, and water lettuce) in 13 large Florida lakes, and simulate one-year and steady-state impacts of three control scenarios. We estimate that the steady-state annual net benefit of invasive plant control is $59.95 million. A one-year increase in control yields steady-state gains of $6.55 million per year, and a one-year lapse causes steady-state annual losses of $18.71 million. This model shows that increased control of hydrilla, water hyacinth, and water lettuce is optimal.
ISSN:1074-0708
2056-7405
1074-0708
DOI:10.1017/S1074070800028972