This paper considers the policy outcome of a contest between two opposing in-terest groups: the incumbent fishermen and a group of conservationalists. The objective of the fishermen is to maximize profit, and they are (partly) concerned over future profitability as well, while the...

The implementation of voluntary adoption of the Code of Conduct (CoC) to promote environmental responsibility and sustainable development of Thai shrimp industry is examined. Farmers' perceived- benefits, risks and uncertain-ties associated with the adoption and their perceived extra fixed cost...

Many economic problems can be formulated as dynamic games in which strategically interacting agents choose actions that determine the current and future levels of a single capital stock. We study necessary conditions that allow us to characterize Markov perfect Nash equilibria (MPNE) for these...

William Forster Lloyd's 1833 sketch about poor cattle on the commons and the well-fed animals on the adjacent enclosures published in his 'Two lectures on the checks to population' has hitherto been assessed as one starting point of the economics of renewable resources. In the 20th century the...

The fisheries sector in sub-Saharan Africa has benefitted from high and increasing amounts of foreign aid for over four decades. In the 1990s when evidence emerged that most stocks were overcapitalized and overfished, the effectiveness of fisheries development aid, particularly those directed at...

In most coastal developing countries, the artisanal fisheries sector is managed as a common pool resource. As a result, such fisheries are overcapitalized and overfished. In Ghana, in addition to anthropogenic factors, there is evidence of rising coastal temperature and its variance, which could...

Mit nachwachsenden Ressourcen die Abhängigkeit von Öl vermindern - so untertitelt die Bundesregierung ihre Strategie zur Förderung der Bioökonomie in Deutschland (BMBF 2013). Zur Bioökonomie zählen alle Wirtschaftsbereiche, die nachwachsende Rohstoffe erzeugen, verarbeiten und handeln....

The literature on trade in renewable resources implicitly assumes that the traded resources are perfect substitutes. We model trade in renewable resources as stipulated not only by autarky price differences, but also by consumers' love of variety. We show that the love-of-variety effect enables...

Understanding what determines the extent to which economic agents tell the truth to their regulating authority is of major economic importance, from banking to environmental protection. To this end, we examine truth-telling of German commercial fishermen in an artefactual field experiment. Their...

Proximate stressors such as destructive fishing are key drivers of coral reef degradation. Conservation strategies that marshal local action and are tailored to the preferences of the target group are thus needed to sustain coral resources. We experimentally analyze the behavior of marine...