Open access resources are frequently not managed efficiently, resulting in falling stock levels and a declining income for fishermen. In the late 1970's, the policy response to this problem was the implementation of 200-mile fishing zones, which enabled the European Union to formulate and...

This note analyzes the impacts of the fragmentation of economics into different schools of thought and of social science into the sub-disciplines economics, sociology and psychology. Fragmentation is based on the assumption that it is possible to split the set of an individual's behavioural...

A strong increase in the availability of space-time data has occurred during the past decades. This has led to the development of a substantial literature dealing with the two particular problems inherent to this kind of data, i.e. serial dependence between the observations on each spatial unit...

Kenya is predominantly a nature-based tourism destination with wildlife (concentrated in the southern part of the country) and beaches (along the Indian Ocean) accounting for over 85% of the international tourists visiting the country. Other attractions are based on the physical landscape of the...

In this paper we propose a structural equation model (SEM) with latent variables to model spatial dependence. Rather than using the spatial weights matrix <?tf=“t005”>W, we propose to use latent variables to represent spatial dependence and spillover effects, of which the observed spatially lagged...</?tf=“t005”>

Stricter environmental regulations are often opposed on the grounds that they will alter equilibrium capital flows. Empirical evidence in this area remains largely unresolved, mainly due to the quite disparate results found in the literature. This paper takes a positive look at the relationship...

This paper presents a structural equation model of happiness, as influenced by inter alia perceived risk due to (i) intensity of exposure to polluted air, and (ii) hazard of pollutants. In addition, objective risk measured as proximity to the pollution source, is considered. The main finding is...