Economists have long promoted fishery rationalization programs, but ITQs may fail to address the ecological consequences of fishing. Of particular concern is that economic incentives to harvest larger fish (due to size-dependent pricing or quota-induced discarding) can destabilize fish...

Economists have long promoted fishery rationalization programs, but ITQs may fail to address the ecological consequences of fishing. Of particular concern is that economic incentives to harvest larger fish (due to size-dependent pricing or quota-induced discarding) can destabilize fish...

On developed coastlines, humans react to physical processes in coastal environments by stabilizing shorelines against chronic erosion and by taking measures to prevent destruction of coastal infrastructure during storms. While we are beginning to understand how physical processes affect human...

Climate change threatens to alter coastline erosion patterns in space and time and coastal communities adapt to these threats with decentralized shoreline stabilization measures. We model strategic interaction between two neighboring towns, and explore welfare implications of spatial-dynamic...

Climate change threatens to alter coastline erosion patterns in space and time and coastal communities adapt to these threats with decentralized shoreline stabilization measures. We model strategic interaction between two neighboring towns, and explore welfare implications of spatial-dynamic...

Beach communities respond to storm risks through shoreline stabilization policies and often rebuild eroding beaches with sand dredged from offshore locations and inlets. Investments in natural capital through beach nourishment are, at least partly, capitalized in coastal property values. We...