The welfare effects of the 2010 transition from Days-at-Sea to catch share management in the Northeast U.S. groundfish fishery are examined by combining a model of groundfish demand with a simulation-based model of supply. Counterfactual supply is constructed based on the Days-at-Sea system that...

In 2010, the Northeast groundfish fishery transitioned from an effort-control system (Days-at-Sea) to an output-control system (catch shares). Simultaneously, a large decrease in aggregate catch was imposed in order to achieve biological objectives. This research examines the welfare effects of...

Despite extensive research and policy initiatives to increase the technical, financial, and managerial capacity of small drinking water systems, there has been little research focusing on understanding how consolidation can increase the overall capacity of the drinking water industry....

Sustainability has several definitions within natural resource economics. Sustainable states may be economically or biologically determined. Age and age classes add complexity to any definition of forest sustainability. Here we focus on selected metrics that might be used to define forest...

A dynamic optimal control model describing the benefits and costs associated with the development of tropical forests rich in plant and animal species and folk knowledge is presented. The model is used as a framework to assess how various market and institutional incentives might influence both...

This paper presents a dynamic optimal control model describing the benefits and costs associated with the development of tropical forests rich in plant and animal species and folk knowledge. The model is a framework to assess how various market and institutional incentives might influence both...