Rent and stumpage in the British Columbia softwood lumber industry have played a pivotal role in the Canada-United States softwood lumber dispute. The goal of the US in the dispute has been to limit lumber exports from Canada and increase domestic American prices. Rent theory shows that BC's...

Canada faces grave challenges in its ocean fisheries. The problems include the collapse of Atlantic groundfish stocks in the early 1990s, international disputes over shared and straddling fisheries, conflicts among competing fishers, and low incomes and overcapitalization in many important...