A theoretical framework for estimating the economic value of the federal government's offshore oil and gas resources is developed. This framework is then applied to geological and economic data generated by the Minerals Management Service in support of their five-year leasing plan. With an 8...

The United States Environmental Protection Agency has responsibility under the Federal Insecticide, Fungicide, and Rodenticide Act (FIERA) to formulate pesticide policies on the basis of risk-benefit analyses. To measure the benefits of pesticide use, one must look at the losses in consumer and...

In this study we use a N-person differential game structure to represent a renewable resource industry in which the decision agents are few in number and noncooperative (as would be the case, for example, in international fishing wars). As an illustration we assume an environment similar to that...

The objective of this study is to determine the impact of (1) the new 1984 maritime boundary between the United States and Canada in the Northwest Atlantic and (2) the availability of the Brooklyn, New York, port as an alternative landing site on the distribution of domestic and imported...

This article presents a model of commercial fishing in a stochastic environment that focuses on the labor-employment contract. In a partial equilibrium context, the authors show that when boat owners and crew members are risk-averse, crop sharing is the optimal contract, and the resultant labor...

This article summarizes the conceptual development and empirical implementation of the travel cost recreation demand model by (J) describing its theoretical underpinnings, (2) outlining how theory must be adapted for the needs imposed by available data. (3) explaining issues to be considered in...

The twofold aim of this article is to model the structure of the Norwegian food farming industry for trout and salmon and to provide estimates for the scale elasticity and substitution possibilities. A translog functional form of the long run cost function is specified and estimated. The...

Bioeconomic models of fisheries usually do not provide details of fishermen's short-run behavior. This paper develops a model for the short-run selection of fishing location by a profit-maximizing fisherman in an open-access fishery given that fish density increases further from port and given...

Over the past 30 years, a widely accepted model of "open-access" fisheries has been developed, yet empirical tests of the standard model have been relatively few. One difficulty is that fish stocks, the levels of which affect the rate of catch, are not directly observable. Simplifying...

The conflict between efficiency and maximization of employment colours all aspects of fisheries management in Canada, including implementation of rights based fisheries management regimes. Even though rights based systems are strongly based on considerations of efficiency, sometimesat the...