Excess capacity poses a problem in many developing country fisheries. These countries often pursue a development strategy aimed at expanding capacity under open access. Sustainable development, however, requires management. Principal-agent issues from asymmetric information between the regulator...

Excess capacity poses a problem in many developing country fisheries. These countries often pursue a development strategy aimed at expanding capacity under open access. Sustainable development, however, requires management. Principal-agent issues from asymmetric information between the regulator...

Exploiting variability in the managerial dimension, this paper presents firm management through firm and time effects in a production function that uses a three-way fixed effect model and a unique panel dataset that tracks multiple managers for each firm from 1980--2007. We allow for...

This article presents experimental tests of a linear and a nonlinear ambient tax mechanism that involve modest information requirements for the regulator. When agents are not allowed to communicate, both tax mechanisms result in emission levels that approximate the social optimum. When agents...

This article presents experimental tests of a linear and a nonlinear ambient tax mechanism that involve modest information requirements for the regulator. When agents are not allowed to communicate, both tax mechanisms result in emission levels that approximate the social optimum. When agents...

This article considers the regulation of nonpoint source water pollution through the use of a voluntary-threat approach, which allows a polluter group to meet a standard voluntarily but imposes an ambient tax upon noncompliance. In particular, we develop an "endogenous" voluntary-threat approach...

In this essay we examine the coevolution and cross-fertilization of environmental and agricultural economics over the past century. We discuss the key role that agricultural economists have played in the intellectual development of environmental economics. We focus on three primary...