publication . Article . 2006

Commercialization decisions and the economics of introduction

Edward Barbier; Duncan Knowler;
Restricted
  • Published: 01 Jun 2006 Journal: Euphytica, volume 148, pages 151-164 (issn: 0014-2336, eissn: 1573-5060, Copyright policy)
  • Publisher: Springer Science and Business Media LLC
Abstract
A commercial horticultural industry that establishes plant-breeding nurseries for an exotic species throughout a regional economy will expand until the marginal profit of the last nursery established is zero. However, a regional government concerned with social welfare will take into account not only the profits of the horticultural industry but also any expected costs of an accidental invasion. The latter costs will consist of the discounted expected social damages due to an increase in the rate of invasion over time and the increase in expected damage cost per hectare caused by an additional nursery. A government can employ an “introducers' pay” tax equal to t...
Subjects
free text keywords: Agronomy and Crop Science, Plant Science, Genetics, Horticulture
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