The optimal management of many common pool resources (CPRs) requires the establishment of optimal aggregate extraction rates as well as the spatial distribution of those extraction rates. The importance of these two components is readily evident in fisheries management where the spatial behavior of other agents often affects another agent's...
Fisheries managers around the world have identified bycatch as a key management challenge in fisheries today. However, like the classic common property open-access problem in fisheries, a limit on fleet-wide bycatch may have similar consequences for fishing practices since bycatch is a common property open-access resource. If avoiding bycatch is...
Within the fisheries literature there has been a growing interest in obtaining estimates of fisheries production in order to determine vessel specific measures of technical efficiency that may be used to estimate the capacity of the fleet. Given that many data sets are panels there has arisen a growing need...
Efficient management of natural resources hinges on our ability to monitor and assess the status of the resource stocks as well as the actions and economic performance of the agents utilizing such resources. The sustainability and viability (both in physical and economic terms) of our resource management plans can in...
Eco-labeling has been touted as a way for consumer preferences for environmentally benign products to be transmitted in markets. The label, as the argument goes, provides information to consumers who may then pay a price premium for the labeled products. Producers view demand for the eco-labeled products as quality differentiated...
Fishery managers in the United States are required to identify and limit adverse consequences of fishing on essential fish habitat. We propose a cap-and-trade system for habitat conservation that would utilize economic incentives to achieve habitat conservation goals cost effectively. Individual quotas of habitat impact units (HIU) would be distributed...