Increasing public concerns about health risks associated with dietary intakes of cholesterol are expected to have significant impacts on the demand for foods with high fat content. This paper investigates how information about cholesterol, as measured by two newly constructed indices based on...

A model with nonlinear discarding costs is developed for a fishery with an individual transferable quota (ITQ) program. The model shows that limited hold capacity and ITQs provide incentives to discard fish. The model is applied to the Icelandic ITQ-regulated cod fishery to test for highgrading...

This article is concerned with efficient estimation of characteristics demand. We derive and estimate an inverse input demand system for quality characteristics by using 172,946 observations over 881 trading days in the Icelandic fish auctions. An improved estimation method based on an expanded...

We present a bioeconomic analysis of the optimal long-term management of a genetic resource in the presence of selective harvesting. It is assumed that individuals possessing a particular gene have a lower natural mortality rate and are more valuable to capture. Highly selective harvesting may...

Fishmeal is a critically important feed ingredient for use in animal (e.g., poultry and pigs) and aquaculture production (e.g., salmon, trout and shrimp). There is great concern that increasing demand for fishmeal will place stress on the world's pelagic fisheries and may undermine the...

The validity of environmental benefit transfer has been tested on numerous occasions assuming classical null hypothesis of equality. We argue against this assumption on the basis of theory, which clearly indicates that environmental benefits should be assumed to vary from context to context. We...