Introductions of Invasive Species: Failure of the Weaker Link

Kimberly M. Burnett
2006 Agricultural and Resource Economics Review  
The prevention of invasive species is modeled as a "weaker link" public good. Under the weaker link aggregation technology, individual contributions beyond the lowest level will provide benefits, but these benefits progressively decline as contributions exceed the minimum. A two-region model is constructed, assuming incomplete information concerning costs of provision. This framework allows us to explain why we observe underinvestment in prevention, how information facilitates efficiency, and
more » ... s efficiency, and under what conditions information is most relevant. Specific implications regarding improved invasive species prevention policy are extracted and discussed.
doi:10.1017/s1068280500010029 fatcat:2srerzacwrduvo27jz5p2tgs3y