Estimating the Value of Invasive Aquatic Plant Control: A Bioeconomic Analysis of 13 Public Lakes in Florida
- 1 October 2007
- journal article
- research article
- Published by Cambridge University Press (CUP) in Journal of Agricultural and Applied Economics
- Vol. 39 (s1), 97-109
- https://doi.org/10.1017/s1074070800028972
Abstract
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.Keywords
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