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A theoretical analysis of random inspections and fines in invasive species management

Author

Listed:
  • Tao Peng

    (Central Michigan University)

  • Seung Jick Yoo

    (Korea Energy Economics Institute)

Abstract

In this paper, we conduct a theoretical analysis of inspections in a stochastic environment and we shed light on two hitherto unstudied issues concerning inspections in the context of invasive species management. First, given a particular port of entry in a country, we study the properties of a random inspection scheme. Second, we compute the average total fines that will be collected in the long run by an inspection agency that uses the above inspection scheme to screen arriving ships for the presence of one or more invasive species.

Suggested Citation

  • Tao Peng & Seung Jick Yoo, 2008. "A theoretical analysis of random inspections and fines in invasive species management," Economics Bulletin, AccessEcon, vol. 17(15), pages 1-9.
    • Handle: RePEc:ebl:ecbull:eb-08q20007
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    File URL: http://www.accessecon.com/pubs/EB/2008/Volume17/EB-08Q20007A.pdf
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    References listed on IDEAS

    as
    1. Batabyal, Amitrajeet A. & Nijkamp, Peter, 2005. "On Container Versus Time Based Inspection Policies in Invasive Species Management," 2005 Annual meeting, July 24-27, Providence, RI 19356, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. McAusland, Carol & Costello, Christopher, 2004. "Avoiding invasives: trade-related policies for controlling unintentional exotic species introductions," Journal of Environmental Economics and Management, Elsevier, vol. 48(2), pages 954-977, September.
    3. Batabyal, Amitrajeet A., 2008. "Two theoretical issues concerning the differential treatment of trading partners in alien species management," Ecological Economics, Elsevier, vol. 64(4), pages 679-682, February.
    4. Batabyal, Amitrajeet A. & Yoo, Seung Jick, 2006. "Some statistical properties of a generic container inspection policy in invasive species management," Ecological Economics, Elsevier, vol. 60(1), pages 1-4, November.
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    Cited by:

    1. Cuicui Chen & Rebecca S. Epanchin‐Niell & Robert G. Haight, 2018. "Optimal Inspection of Imports to Prevent Invasive Pest Introduction," Risk Analysis, John Wiley & Sons, vol. 38(3), pages 603-619, March.
    2. Batabyal, Amitrajeet & Beladi, Hamid, 2013. "Ship inspections in invasive species management: Alternate regimes and their properties," MPRA Paper 72269, University Library of Munich, Germany.

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    More about this item

    Keywords

    Invasive Species;

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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