The economics literature on fisheries has focused primarily on stock externalities and, to a lesser degree, on crowding externalities. Yet for many fisheries, harvesting activities may affect the underlying biological productivity of the fish stock by impacting the forage or habitat quantity or...

Failure to manage the harvest of a metapopulation at its underlying ecological scale can lead to extirpation of discrete subpopulations and reduce productivity. However, it may be difficult and costly to assess and manage stocks at a finer spatial scale, and there is generally greater...

The dynamic efficiency of closures in bioeconomic systems depends upon stock levels and in situ values that evolve over time, and on relative costs of implementation. A model of a harvested metapopulation is presented in which second-best reduction of harvest from open-access levels using input...

Commercial whaling is highly contentious, angering animal rights groups and conservation organizations, who threaten boycotts. Proponents of whaling argue that many whale stocks are plentiful enough to support sustainable harvests. In terms of economic efficiency, a nation's decision to engage...

The dynamic efficiency of closures in bioeconomic systems depends upon stock levels and "in situ" values that evolve over time, and on relative costs of implementation. A model of a harvested metapopulation is presented in which second-best reduction of harvest from open-access levels using...

A rank-ordered logit model is estimated using data collected by a mail survey of consumers in the northeastern and mid-Atlantic United States. The methodology, based on conjoint analysis, determines the average relative importance and value of three product attributes for fresh salmon (seafood...

In his seminal work on common property resources, H. Scott Gordon proposed that in a fishery with multiple grounds, effort would be distributed such that profit rates would be equal among them. Gordon's model relies on implicit assumptions that are inaccurate and lead to false conclusions in...

We use a laboratory experiment, calibrated to a representative New Zealand fishery, to assess three sealed-bid, multi-unit demand auction mechanisms under consideration for allocating quota for species being introduced into the Quota Management System. These auctions allocate the K units to the...

I present a model of the Maine lobster fishery that incorporates a monthly demand model and an empirically estimated production function that accounts for seasonal variability in catchability, inseason depletion, and congestion effects. I compare optimal exploitation with observed exploitation...