Dynamic adjustment is an integral part of natural resource economics. Commonly, capital is assumed to respond instantaneously to changes in profits, while in reality adjustment may take place only with a time lag. In this paper, an empirical analysis of capital (boat) dynamics in the North Sea...

There is now strong scientific evidence that several species of baleen whale and possibly the sperm whale, have recovered to levels that would support commercial harvest. The stock of fin whales (Balaenoptera physatus) off the eastern coast of Iceland and the minke whale (Balaenoptera...

The creation of parks and preserves in less developed countries is seen as an important step in preserving biodiversity and genetic information (Dixon and Sherman 1990). The establishment of a park or preserve, however, is often seen as a threat by rural residents if they are denied access to...

A simple bioeconomic model was specified and estimated for the central subpopulation of the northern anchovy (Engraulis mordax). Net population growth was described by a power function and harvest by the U. S. reduction fleet was modelled by an exponential production function. When incorporated...