Most trade literature is concerned with gains from free trade under the assumption that traded goods are produced under complete property rights. Seldom have researchers examined the consequences of free trade in the presence of incomplete property rights over renewable natural resources. In this paper, we explore these consequences. In...
The presentation discusses the economic value of Ensemble Streamflow Predictions (ESP) streamflow and energy price forecasts in the operation of the Jackson Hydropower Project in western Washington. A decision support system (DSS) was constructed for this multipurpose reservoir system for the evaluation of operational alternatives and improvement of operational procedures....
Marine reserves have increasingly been recognised for their potential to address the pervasive problem of unsustainable harvest of fisheries worldwide. Abalone catch around Stewart Island has been in decline since the turn of the century despite being managed under NZ's quota system. A nested logit model is applied to spatially...