Limiting entry to the Pacific coast groundfish fishery poses two principal questions: (1) How large are the potential economic returns under limited access management? and (2) Will the economic benefits exceed the program costs plus costs associated with transitory dislocations in the fishery?...

Dynamic adjustment is an integral part of natural resource economics. Commonly, capital is assumed to respond instantaneously to changes in profits, while in reality adjustment may take place only with a time lag. In this paper, an empirical analysis of capital (boat) dynamics in the North Sea...

The exclusion from U.S. waters since 1981 has greatly reduced the harvest potential for Canada's Pacific halibut fleet, making it particularly important that halibut resources in the Canadian zone he exploited at optimal levels. This paper provides a bioeconomic analysis of the joint-stock...

To value water quality improvements in the Chesapeake Bay or elsewhere, it is necessary to choose an appropriate model of consumer behavior. A number of different travel cost based recreation demand models have beenemployed to value changes in water quality or beach access. Among the possible...

We develop a model of regulation of environmental risks in a heterogeneousindustry when policy makers are sensitive to uncertainties about the processes generating the risks. Optimal source reduction capacity is shown to vary according to site suitability. Optimal source reduction capacity and...

Throughout its history the North Pacific halibut fishery has experienced dramatic changes in season length—most recently a greater than tenfold decrease during the last fifteen years. This analysis estimates the effect on exvessel halibut demand of season length by incorporating it with...

This article focuses on the problem: what external (stakeholder) and internal (structural/organizational) factors drive companies inthe food- and agribusiness towards innovative environmental management? Innovative companies are those considered to have adopted asupply-chain perspective, instead...

An econometric model for the wholesale and ex-vessel markets of American lobster, Homarus amedcanus, was developed to determine the market impact of proposed increases in the minimum size for American lobster. Prices were found to be inflexible with respect to landing, imports, and income(i.e.,...

When the New Zealand government introduced individual transferable quotas for major commercial fish stocks, the initial allocation for some stocks exceeded their total allowable catches and made it necessary to buy back immediately some of the quota. Quota was offered back by tender. A simple...

This paper examines effort responsiveness to success in the California salmon partyboat sport fishery. The management process in this important fishery involves setting target harvest levels for both commercial andsportfishing groups and then using closed seasons, restricted gear, and...