A simple bieconomic model (the Gordon-SChaefer model) is estimated for three species of tuna in the Eastern Tropical Atlantic. The model conformed well to the data and afforded estimates of maximum sustainable yield, bioeconomic and open access equilibria. Strong marginal stock effects were...

A dynamic model of transfrontier pollution is constructed to analyze production and residual emission decisions for two countries under cooperative and noncooperative behavior. Each country must allocate marginal resources between more commodity production or more residual (emission) reduction....

This paper examines some of the economic issues underlying the control of pollution and the management of pollution-sensitive resources. The economics of a stock pollutant are briefly reviewed for a simple model with a quadratic damage function and linear dynamics (Section II). A two-state...