Whilst the study of resource extraction under uncertainty has a long history in resource economics, there has been less attention paid to endogenous efforts to reduce uncertainty through learning and information acquisition. An unresolved empirical question is the degree to which individual extractors learn from the behavior of other extractors....
In response to growing concerns about illness and deaths associated with Vibrio Vulnificus, California initiated a program in March 1991 that required anyone selling oysters to notify potential consumers that the “consumption of raw oysters can cause serious illness and death among people with liver disease, chronic illness, or weakened...
After decades of decline, real salmon prices paid to California fishermen have rebounded in the past few years. This recent price recovery is probably due in part to reduced availability of fresh salmon in local
markets, but anecdotal evidence suggests increased product differentiation by consumers is also an important part...
A principle U.S. fisheries management concern is ensuring compliance with Endangered Species Act requirements to limit incidental takes of listed species to levels which do not result in potential jeopardy to existing population stocks. Part of the risk assessment process involves an analysis of historic takes (bycatch) of ESA-listed species...