Standard approaches to environmental and natural resource use externalities generally focus on single-sector resources and user groups. Remedies include Pigouvian-style government constraints, small group controls following Elinor Ostrom, or less frequently, bargaining across users as outlined...

We estimate that crabmeat industry revenues from processing sponge crabs can increase by at least 56% over the current estimated value of production, from $1.6 million to $2.5 million. This gain can be realized by moving from the current fixed opening of the season during which the Maryland...

Marine scientists and policymakers are encouraging ecosystem-based fishery management (EBFM), but there is limited guidance on how to operationalize the concept. We adapt financial portfolio theory as a method for EBFM that accounts for species interdependencies, uncertainty, and sustainability...