The objectives of the paper are twofold: to review valuation methods for plant genetic resources and to develop methods to estimate the past and potential future benefits, both domestic and international, of existing germplasm collections in Papua New Guinea (PNG). The analysis concentrates on...

Where a fish stock straddles or migrates between country A's exclusive economic zone (EEZ) and country B's EEZ, or the high seas, vesting ownership rights in the stock with A does not ensure efficient harvesting of the stock. This problem arises in the case of migratory tuna stocks in the...

Recent increases in the harvests of southern bluefin tuna, particularly by Australian fishermen, have led to the recognition that the fishery is overexploited. A model is developed to examine the effects that quotas on Australian and Japanese harvesting would have on economic welfare and on...