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A Comparative Static Analysis For Invasive Species Management Under Risk Neutral Preferences, Pamela Safford
A Comparative Static Analysis For Invasive Species Management Under Risk Neutral Preferences, Pamela Safford
Electronic Theses and Dissertations
This thesis investigates the optimal ex-ante mix of self-protection and self-insurance technologies employed to reduce the risk of biological invaders in the presence of exogenous variables within the probability and damage functions. This is accomplished by using a theoretical endogenous risk model that extends previously developed frameworks. This thesis contributes to the previous work in two ways. (1) Employing a general framework with simultaneous decision making over self-protection and self-insurance, this thesis analyzes how each parameter including income, the costs of each activity, an exogenous factor that affects only the probability of an invasion, and a separate exogenous factor that …