A Research Agenda for the Study of the Regulation of Invasive Species Introduced Unintentionally Via Maritime Trade
Journal of Economic Research, Vol. 9, No. 2, pp. 191-216, 2004
Posted: 22 Dec 2004
I propose a queuing theoretic research agenda for analyzing five queries about the impacts that alternate invasive species control regulations have on consumers and producers in a nation such as the USA. The five queries are as follows. First, when can one justify a trade ban as an effective regulatory policy? Second, what are the properties of credible pre-export certification schemes? Third, how does one determine the optimal number of inspectors in a probabilistic context in which arriving ships may or may not be able to queue in a specific port? Fourth, should a port manager have a small number of inspectors inspect ships less stringently or should this manager have a large number of inspectors inspect ships more stringently? Finally, when should a port manager in (say) the USA use information about (i) the dollar value of the products being transported by ships from two exporting firms and (ii) the average time it takes to inspect ships from these two firms to grant preferential treatment to one or the other exporting firm?
Keywords: Invasive Species, Maritime Trade, Regulation, Uncertainty
JEL Classification: F18, Q56, Q58
Suggested Citation: Suggested Citation