In its Progress Report on Biofuels the European Commission proposes a more restrictivebiofuel directive which sets a mandatory minimum share of biofuels in total fuel consumption in thetransport sector of 10% per Member State by 2020. This is likely to have a strong impact on demandfor biofuel...

In the period of investigation, 1995–2000, the Danish fishery for species meant for human consumption was managed by individual non-transferable vessel quotas, while the fishery for species meant for fishmeal and fish oil was subject to a total quota. The revenues of the fishermen targeting...

Every year, the federal government regulates how many pounds of summer flounder (while these fish are called summer flounder, they are caught throughout the year) can be caught along the eastern seaboard. Annually, the federal government sets the total allowable landings (TAL) based on...

Taiwan had approximately 3,000 buildings damaged by floods with an economic loss of NT$12.8 billion annually, a figure 4.5 times more than economic losses due to fire damages. Many insurers become extremely cautious when underwriting their flood policies for people living in areas that are...

The effects of "localized depletion" of a pelagic fishery (herring) on a non-extractive marine activity (tourism) are investigated. Proponents of the localized depletion theory claim that intense fishing effort can lead to areas that are unsuitable for predators like tuna, groundfish, and...

When honey bees transport pollen across citrus orchards they can increase the number of seeds in varieties that remain seedless otherwise. An increase in seeds diminishes the market value of the fruit creating an externality between seedless growers and beekeepers. This paper investigates the...

Environmental offsets have been proposed as a technique for managing the environmental impacts of newdevelopments in regions that are not in compliance with environmental standards. By requiring developersto 'offset' any impacts by purchasing 'environmental credits', environmental quality can be...

When water entitlement and water sharing systems are mis-specified, that is specified in amanner that lacks hydrological integrity, inefficient investment and water use is the result.Using Australia's Murray Darling Basin as an example, this paper attempts to reveal theeconomic consequences of...

O aumento da pressão sobre os recursos hídricos tem levado muitos países a reconsiderarem os mecanismos utilizados na indução do uso eficiente da água. Isso é especialmente verdade para a agricultura irrigada, uma das principais consumidoras de água. Estabelecer o preço correto da água...

All business transactions as well as achieving innovations take up resources, subsumed under theconcept of transaction costs (TAC). One of the major factors in TAC theory is information. Informationnetworks can catalyse the interpersonal information exchange and hence, increase the access to...