This paper seeks to enhance forecast accuracy by combining three individual forecasting models. These models include: the Autoregressive Integrated Moving Average model (ARIMA), the Generalized Autoregressive Conditional Heteroscedastic model (GARCH), and the Census X11 model. Applied to the...

We study how the strength of property rights to individual extractive firms affects a regulator's choice over exploitation rates for a natural resource. The regulator is modeled as an intermediary between current and future resource harvesters, rather than between producers and consumers, as in...

In this paper, the estimate of the productive efficiency for some Italian fleet segments is proposed. The estimate is based on a Stochastic Frontier Production (SFP) function and a Data Envelopment Analysis frontier (DEA) using micro data of fishing vessels. The essential random nature of the...

We study how the strength of property rights to individual extractive firms affects a regulator's choice over exploitation rates for a natural resource. The regulator is modeled as an intermediary between current and future resource harvesters, rather than between producers and consumers, as in...

Fisheries management must manage people in order to manage fish. In this sense, understanding fishing behavior is the cornerstone of effective fisheries policy. However, the latency of fish stocks is a major obstacle in empirical studies. This paper addresses this challenge by deriving a stock...

In a world where fish are being hunted by massive ships and new technology, it is more important than ever for people to eat more sustainably. The need for sustainable fishing is rather large, because we are slowly killing off all the edible fish in the ocean. In fact, scientists predict that by...

In a world where fish are being hunted by massive ships and new technology, it is more important than ever for people to eat more sustainably. The need for sustainable fishing is rather large, because we are slowly killing off all the edible fish in the ocean. In fact, scientists predict that by...

An important aim of fishery management is the conservation and sustainable exploitation of fish stocks whereas maximization of profit is the aim of fishermen. At first view this seems to be contradictory. The main management tools for stock exploitation are fishing effort (summarizing all effort...