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.

In many regions of the world, property rights to natural resources are held under various forms of communal ownership, which often exhibit flexibility for users to access different resources depending on relative need. Here, we analyze the impact of climatic variability on resource use, and...

We specify a discrete choice dynamic programming model of commercial fishing participation and location choices. This approach allows us to examine how fishermen collect information about resource abundance and whether their behavior is forward-looking.

Farmland prices were regressed against sale size, gross production values, surrounding land uses and wetlands, and perpetual wetland easements administered by United States Fish and Wildlife Service. Each additional wet wetland acre reduced average cropland values by $209 or 51% of average local...

This paper uses a combination of techniques, including a stated-preference survey, random utility model, visitor count study, and benefits transfer, to estimate the aesthetic impact of the New Carissa shipwreck on coastal recreation. To our knowledge, this is the first study ever conducted on...