UHERO
Environment
The Economic Value of Watershed Conservation
Watershed conservation creates benefits within and beyond the management area of interest. Direct benefits are those realized in the watershed itself, such as improved water…
Economic lessons from control efforts for an invasive species: Miconia calvescens in Hawaii
Once established, invasive species can rapidly and irreversibly alter ecosystems and degrade the value of ecosystem services. Optimal control of an unwanted species solves for…
Spatial containment of invasive species: Insights from economics
Economics can clarify the discussion on invasive species in at least three ways. First is through the use of incentives to change human behavior so…
Optimal Public Control of Exotic Species: Preventing the Brown Tree Snake from Invading Hawai‘i
This paper develops a theoretical model for the efficient establishment of economic policy pertaining to invasive species, integrating prevention and control of invasive species into…
Economic impacts of non-indigenous species: Miconia and the Hawaiian economy
Imperfect scientific information regarding potential invasiveness, differences between private and public outcomes for individual decisions regarding planting, and inadequate prevention activity combine to impose costs…
Efficient Water Allocation with Win-Win Conservation Surcharges: The Case of the Ko‘olau Watershed
The one-demand Hotelling model fails to explain the observed specialization of non-renewable resources. We develop a model with multiple demands and resources to show that…
Valuing Indirect Ecosystem Services: the Case of Tropical Watersheds
Mitigating the harmful effects of development projects and industries (negative environmentalism) is inadequate, especially in resource-dependent economies whose resources are at risk from other forces.…
Control of Invasive Species: Lessons from Miconia in Hawai’i
The threat of invasive species stems from their ability to rapidly and irreversibly change ecosystems and degrade the value of ecosystem services. Optimal control of…
Prevention, Eradication, and Containment of Invasive Species: Illustrations from Hawaii
Invasive species change ecosystems and the economic services such ecosystems provide. Optimal policy will minimize the expected damages and costs of prevention and control. We…