Balancing the trade-off between economic efficiency and social objectives has been a challenge for natural resource managers under rights-based management. While the actual prioritization should be guided by social preferences, the mechanisms and …
In recent years, the approach to wild-caught fisheries management has expanded beyond traditional single-fishery management. This article examines potential market failures within the fisheries sector that may arise because of a failure to account …
Successful fisheries management relies on compliance. Compliance in turn relies on the perceived legitimacy of the existing rules and regulations, the effectiveness of monitoring and enforcement, and on the positive feedback loop between legitimacy …
Global food demand is rising, and serious questions remain about whether supply can increase sustainably. Land-based expansion is possible but may exacerbate climate change and biodiversity loss, and compromise the delivery of other ecosystem …
We study the optimal sequence of investment in renewable energy when technology improves over time and the productivity of deployed capital differs with site quality. Our perspective is that of a price- and technology-taking individual or firm. We …
Electricity storage represents a solution to curb carbon emissions by enabling more use of intermittent renewable energy. Our goal is to empirically analyze the determinants of innovation in electricity storage and its role in fostering technological …
About 40 percent of US corn is now used to produce biofuels, which are used as substitutes for gasoline in transportation. In this paper, we use a Ricardian model with differential land quality to show that world food prices could rise by about 32 …
This paper examines the effect that endangered species regulation has on natural resource development. Specifically, we use data from competitive auctions to estimate the effect that land-use regulation protecting endangered caribou in the Canadian …
We investigate the relationship between quota enforcement, compliance, and capital accumulation in ITQ regulated fisheries. Overextraction and overcapacity represent two of the main fisheries management challenges, and we aim to model and analyze the …
The existing fisheries economics literature analyzes compliance problems by treating the fishing firm as one cohesive unit, but in many cases violations are committed by agents acting on behalf of a firm. To account for this, we analyze the …