‘Green’ markets represent a means through which public goods can be privately provided. A green product is an impure public good consisting of a private good (e.g., rain forest honey) bundled with a jointly produced public good (e.g., biodiversity protection). In the context of ecosystem...

Despite numerous efforts and a large investment by the Ecuadorian Government and the international community, fishery management in Galapagos remains highly conflictive and essentially ineffective. Levels of mistrust and lack of communication have eroded the governance mechanisms in place to...

The strong link between poverty, natural resources and the environment is apparent in smallholder agriculture: farmers are making repeated land use and management decisions while facing diverse resource endowments and significant environmental constraints on production. To investigate the likely...

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...

"There is now strong scientific evidence that several species of baleen whale and possibly the sperm whale, have recovered to levels that would support commercial harvest. The stock of fin whales (Balaenoptera physalus) off the eastern coast of Iceland and the minke whale (Balaenoptera...