Control of nonpoint source pollution often requires regulation of inputs, but first-best solutions are unattainable. Because inputs are monitored by different agencies and regulatory coordination can be costly, it may be more practical to regulate single inputs. A cost-effectiveness approach to...

“Optimal” bycatch rules and quota share price estimates are derived from a multispecies production technology model of the factory trawler fleet targeting on midwater pollock in the Bering Sea/Aleutian Islands region of the North Pacific Ocean. Data routinely collected by federal and state...

Two-constraint models are common in recreation-demand analysis because of the important role time can play in consumer choices. Two versions of Roy's identity hold for these models and imply coefficient restrictions on empirical demand functions. The two-constraint restrictions are fully...