The Theory of the Second Best implies that any country with less-than-ideal resources can lose from international trade. Recently it has been suggested this means the South (poor countries) are better off suppressing trade with the North, especially trade in natural resource products, since the...

In this article, intraseasonal fishing is modeled as a differential game between fishers in a total allowable catch (TAC)–regulated fishery with and without individual fishing quotas (IFQs). Heterogeneous harvest values are included by incorporating time-specific harvest costs and a...

This paper presents econometric evidence of the effects of economic incentives and institutions on national aggregate private agricultural R&D investments. A model is proposed and fitted to annual data for seven European Union countries, 1984-1995. We find strong impacts of both incentives and...

The conflict between efficiency and maximization of employment colours all aspects of fisheries management in Canada, including implementation of rights based fisheries management regimes. Even though rights based systems are strongly based on considerations of efficiency, sometimesat the...

Individual transferable quota (ITQ) regulation relies on a decentralizedmarket mechanism and a single price to allocate access to a stock of fish. The resulting allocation will not be fully efficient if the stock being allocated is heterogeneous or if there are potential gains from centralized...

The relative merits of different systems of property rights to allocate water amongdifferent extractive uses are evaluated for the case where variability of supply isimportant. Three systems of property rights are considered. In the first, variablesupply is dealt with through the use of water...

A major cause of deforestation in Lao PDR is associated with commercial timber harvesting. While there exists a legal timber industry, timber harvesting in Laos is often illegal. Little information is available regarding the illegal Lao timber industry. However, it would appear that both illegal...

This paper presents an econometric approach to the evaluation of environmental regulation using tradable property rights. Existing empirical research on this issue, which compares overall industry efficiency before and after the introduction of new regulations, conflates two distinct phenomena:...

"This paper is one of a series of analyses that represent the first wave of work being performed by IFRI's collaborators. Each author draws upon the training and instrument of the IFRI program to address their particular research questions. Given the early stage of IFRI's implementation, the...