The impact of technological adoption on economic growth is a critical issue for economic policy in the developing world. The issue is further compounded for industries exploiting renewable common resources with ill-structured property rights, because greater efficiency increases pressure on the resource stock. The paper analyzes the effect of adoption...
There is considerable debate in the literature about the usefulness of Marine Protected Areas as fishery management tools. While most economists have found that it is unlikely that marine reserves will improve steady-state yields, some biologists have shown that protected areas have the potential to reduce uncertainty. Most of the...
There is growing realization of the potential for games and experiments as powerful tools not only for research, but also for education and outreach. Experiments are particularly powerful and useful for fisheries economists because (a) they can vividly illustrate some fundamental concepts and (b) are effective at testing the relative...
Quota, a computer-based simulation game, originated as an experimental game for testing alternative multi-resource management regimes or systems. Highly flexible, it allows specification for a standard common-property, open-access fishery with user-specified bio-economic fishery growth model and multiple sized producers with individual harvest and cost functions. In addition to demonstrating overfishing...