While the use of gear restrictions to regulate fishing activity seldom has the objective of improving economic efficiency, it is capable of achieving that result under some conditions. It can also reduce economic efficiency. This paper explores the way several factors affect the sign and...

There is a wide variety of regulatory instruments available for achieving economic efficiency in markets where externalities exist. All of them, when correctly designed,are equally effective, provided that complete information is available and that adjustments to the level of the instrumentscan...

This paper investigates determinants of the oil cargo spill size of tanker and tank barge vessel accidents, utilizing detailed data of individual vessel accidents in U.S. waters. The effectiveness of various Coast Guard enforcement methods are examined as well as the effects of various...