Structural models can assess the effectiveness of fishery management prospectively and retrospectively. However, when only fishery-dependent data are available, structural econometric models are highly nonlinear in the parameters, and maximum likelihood and other extremum-based estimators can...

The rise of ecosystem management as an approach to renewable resource policy increases the demand for empirical bioeconomics. This paper provides a working definition of bioeconometrics and a taxonomy of model types. A bioeconometric model is a structural model that econometrically estimates one...

Life history models can include a wide range of biological and ecological features that affect exploited fish populations. However, they typically treat fishing mortality as an exogenous parameter. Implicitly, this approach assumes that the supply of fishing effort is perfectly inelastic. That...

Valuing ecosystem services with microeconomic underpinnings presents challenges because these services typically constitute nonmarket values and contribute to human welfare indirectly through a series of ecological pathways that are dynamic, nonlinear, and difficult to quantify and link to...

Chapter 1: Although there are widely accepted theoretical explanations for overexploitation of common-pool resources, empirically we have limited information about the micro-level mechanisms that cause individually efficient exploitation to result in macro inefficiency. This paper conducts the...

A Renewable Portfolio Standard (RPS) is a policy tool that sets a requirement for retail sellers of electricity to provide a minimum portion of their electricity sales from renewable resources. The RPS at state levels has become one of the most important policy incentives for stimulating clean...

Valuing ecosystem services with microeconomic underpinnings presents challenges because these services typically constitute nonmarket values and contribute to human welfare indirectly through a series of ecological pathways that are dynamic, nonlinear, and difficult to quantify and link to...

Recent supply shocks in the Gulf of Mexico - including hurricanes, the Deepwater Horizon oil spill, and the seasonal appearance of a large dead zone of low oxygen water (hypoxia) - have raised concerns about the economic viability of the U.S. shrimp fishery. The ability for U.S. shrimpers to...

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...