Emission trading programs have been discussed with respect to achieving water quality objectives and future caps on carbon emissions. A significant part of this literature explores the institutional and technical design issues associated with trades involving nonpoint effluent sources and carbon...

Marine ecologists warn that humans are "fishing down marine food webs." To explore the economic implications of this phenomenon, this paper applies portfolio theory to aggregate fisheries data. It poses two definitions of a sustainable mean-variance catch frontier. It computes a mean-variance...

It has been argued that the traditional regulatory approach of the Endangered Species Act, based on land-use restrictions, has failed to protect endangered species on private land. In response, there has been a call for the use of incentives to complement this regulatory approach. This paper...

Individual transferable quotas system is widely regarded as the best fishery management regime. The literature, however, has ignored the consequence of this managerial system under the existence of market imperfection. This article analyzes the behavior of fishing households based on the...

China's Tourism industry, especially international tourism, has expanded rapidly since its market-oriented economic reform started in 1978. There has been limited information regarding the trends and regional disparities. This paper examines the national trends of China's international tourism...

Several studies have documented that intertemporal water allocation in Hawaii (as elsewhere) is inefficient (see e.g., Moncur et. al., 1998). The result is widely expected to be early depletion of groundwater resources and the resulting need for using expensive and exotic technologies such as...

Growth of the water market since the early 1990s has generated controversy in California's source regions over two types of transfers - those drawing on native groundwater reserves and those resulting from crop idling. Given incomplete state-level protections for third parties who may suffer...

The negative impact of climate change may be reduced with mitigation strategies in developing countries. Some studies project that developing countries in the Tropics will be worse off than developed countries under different scenarios of global climate change, due to warmer climates, increased...

Farm-level and watershed-wide land-use changes resulting from policy initiatives are linked to a regional input/output model. As a result not only can the direct economic impacts at the farm and watershed levels be determined, so too can the direct and induced economic impacts at the regional level.