This paper examines how rotation arrangement between two groups of Japanese fishers with different institutional arrangements affects fishing behaviour and economic outcomes in a particular economic environment characterised by price discrimination and product durability. In one group, fishers...

We test whether a descriptive norm-nudge is a suitable policy tool to increase cooperation in a social dilemma when decisions are taken by teams, not individuals. 10 Each team in our experiment comes from a different fishing boat at Lake Victoria, Tanzania. The provision of a norm-nudge is...

Climate change is likely to trigger abrupt and potentially persistent changes in the structure and function of marine ecosystems. Such ‘regime shifts' threaten the livelihoods of millions of people reliant on small-scale fisheries. Yet, it is largely unknown how resource users cope with regime...

Climate change is projected to severely damage the global economy. Adaptation in response to a changing climate will affect how much damage ultimately occurs. This paper introduces a method for estimating forward-looking adaptation based on differences in responses to forecasts and realizations...

Empirically evaluating environmental policies requires grappling with impacts that exhibit not only cross-sectional heterogeneity, but also variation across time. Phased policy roll-outs offer opportunities for improvement across cohorts and policy effects can grow or decay, especially when...

This paper analyses the role of institutions in enhancing the economic efficiencies across countries in a two stage Double Bootstrap DEA framework based on nonparametric frontier analysis as proposed by Simar and Wilson (2007). In the first stage, cross country workers' efficiency is estimated...

This article develops and implements a Real Options approach to value renewable natural resources in the case of Marine Fisheries. The model includes two sources of uncertainty: the resource biomass and the price of fish, and it can be used by fisheries to optimally adapt their harvesting...

Aquaculture production can yield significant economic, social, and environmental effects. These exceed the financial costs and benefits aquaculture producers are faced with. We propose a methodology for the development of integrated production models that allow for the inclusion of the...

In this paper, we analyse a continuous time version of Fish Wars with the infinite time horizon and state dependent constraints on controls. We calculate the social optimum and a Nash equilibrium which always leads to the depletion of the resource even if the social optimum results in the...

Cooperation is thought to be a necessary condition to solve collective dilemmas such as climate change or the sustainable use of common-pool resources. Yet, it is poorly understood how situations pervaded by thresholds shape the behaviour of people facing collective dilemmas. Here we provide...