This paper identifies the optimal options of Krabi's coastal land use to facilitate the final planning decision. Through compromise programming approach, the optimization models with respect to the weights assigned to two objectives of maximizing the net private and environmental benefits are...

In the game theory literature, Garrett Hardin's famous allegory of the tragedy of the commons has been modeled as a variant of the Prisoner's Dilemma, labeled the Herder Problem (or, sometimes, the Commons Dilemma). This brief paper argues that important differences in the institutional...

This Article posits that in its role as the lead agency among the United States' natural resources trustees, the National Oceanic & Atmospheric Administration's piecemeal assessment of natural resources damages, i.e., valuing one dead bird at a time or the death of just a tract of marsh, fails...

By comparing the Somali experience with piracy to the emerging situation in the Gulf of Guinea, I show that increases in the enforcement aspects of state capacity in Gulf of Guinea states are necessary but not sufficient tools to combat the emergence, growth, and institutionalisation of piracy....

From a game theoretical perspective, a prerequisite for an international fishery agreement (IFA) to be stable is that parties expect their benefits from joining the agreement to exceed the benefits from free riding on the agreement, and parties only comply with the agreement as long as this is...

This paper identifies the optimal options of Krabi’s coastal land use to facilitate the final planning decision. Through compromise programming approach, the optimization models with respect to the weights assigned to two objectives of maximizing the net private and environmental benefits are...

From a game theoretical perspective, a prerequisite for an international fishery agreement (IFA) to be stable is that parties expect their benefits from joining the agreement to exceed the benefits from free riding on the agreement, and parties only comply with the agreement as long as this is...

For a panel of 109 coastal countries we show that negative economic shocks in the fisheries sector are associated with an increase in maritime piracy. Our identification strategy uses the variation in the phytoplankton abundance off the individual countries' coasts, measured by satellite data,...

Catastrophic risk is currently a hotly debated topic. This paper contributes to this debate by showing two results. First it shown that the value function in dynamic optimization can have an infinite derivative at some point even if the model specification has functional forms that are finite...

This paper has a twofold objective: First, to estimate the changes in landings value by 2030 for two Mexican coastal fisheries, specifically shrimp and sardine fisheries, as a consequence of climate change; and second, to discuss the implications of such impacts for food security. A dynamic panel...