This dissertation provides a thorough analysis of the costs associated with, andefficacy of, sequential license buyback auctions. I use data from the Texas ShrimpLicense Buyback Program - a sequential license buyback auction - to estimate theeffects of a repeated game set-up on bidding behavior....

Overfishing of red snapper in the Gulf of Mexico has significantly increasedlately. A major regulation to reduce the overfishing is Total Allowable Catches (TAC) incombination with a season closure. The restrictions on entry lead to an inefficientoutcome, however, because the resource is not...

A large body of literature studies the issues of the option price and other ex-antewelfare measures under the microeconomic theory to valuate reductions of risks inherentin environment and human health. However, it does not offer a careful discussion of howto estimate risk reduction values using...