This paper uses cointegrated time-series methods to evaluate the effect of timber employment on participation in a major poverty program-Aid to Families with Dependent Children-Unemployed Parent (AFDC-UP). The study is conducted for major timber-producing counties in California. It is shown that...

The political agreement over management of transboundary pacific salmon reached in 1999 should be supplemented with economic incentives to help maintain cooperation between the U.S. and Canada.

Increasing levels of fisheries collapse are now widely believed to be the consequence of ineffective centralized management of the common pool. In theory, realigning incentives for ecologically sustainable and economically prosperous fisheries requires assigning property rights to the resource,...

Unintentional introductions of nonindigenous plants, animals, and microbes cause significant ecological and agricultural crop damage worldwide. Trade in both manufactured and agricultural goods is a primary vector for such introductions. Fusing simple models of trade and biological...

Marine protected areas (MPAs) and spatial property rights (TURFs) are two seemingly contradictory approaches advocated as solutions to common property failures in fisheries. MPAs limit harvest to certain areas, but may enhance profits outside via spillover. TURFs incentivize local stewardship...

To what extent can private-sector bioprospecting incentives be relied upon for the protection of biological diversity? The literature contains dramatically different estimates of these incentives from trivial to quite large. We resolve this controversy by isolating the fundamental source of the...

We analyze a policy experiment in an Alaskan commercial fishery that assigned a portion of an overall catch quota to a voluntary co-op, with the remainder exploited competitively by those choosing to fish independently. Unlike the individual quota system advocated by many economists, the policy...

Rent dissipation in open access fisheries is a well studied problem (Gordon 1954; Homans and Wilen 1997). Regulation is seen as a possibly remedy to the externality of entry, which eventually leads to zero profits and depressed stocks. Despite regulation, drastic declines have occurred in many...