This paper develops and tests a dynamic optimization model of fishermen's investment behavior in a limited-entry fishery. Because exit from limited-entry fisheries may be irreversible, the fisherman has an incentive to maintain the right to fish (whether by actually fishing or by purchasing an...

The main objective of this paper is to determine whether specialization in resource intensive production had a positive impact on the performance of the aggregate Canadian economy over the 1970-2005 period. Specialization is simply measured as the proportion of aggregate employment, the...

Global society is moving towards action to reduce anthropogenic greenhouse gas emissions. This can be expensive and socially disruptive in countries like the United States where the vast majority of emissions arise from electrical energy generation and petroleum usage. Agricultural and forest...

This paper presents quantitative evidence on the relationship between forest conversion and the productivity of agropastoral activities in the Legal Amazon. The extraction of timber products such as wood, fuelwood and charcoal is related to the process of agropastoral expansion in this region...

This report presents the main findings from a desk study on “Climate change mitigation and poverty reduction in developing countries: opportunities for development cooperation.” The study identifies practical options for combining low carbon development with poverty reduction and economic...

In this paper we prove the existence,uniqueness and stability of the invariant distribution of a random dynamical system in which the admissible family of laws of motion consists of monotone maps from a closed subset of a finite dimensional Euclidean space into itself.