"Economic costs are relevant to endangered species protection in both theory and practice. Recovering endangered Snake River salmon will require modifying public land use, restricting fishing and hatchery production, reducing water for agriculture, and altering the operation of hydroelectric...

This paper addresses normative exploitation of common renewable resources with changes in technology and technical, allocative, and scale efficiency that exacerbate the commons problem and externality. Their impact depends on the rate and nature of change, investment, and state of property...

This paper addresses the crises in the world's fisheries involving dwindling stocks, overcapitalization, and jurisdiction disputes from a property rights perspective. In particular, it examines the causes of the problems fishers face and explores the potential of privatizing the right to catch...

This paper presents a methodology for predicting the effect of quota-type regulatory constraints on capacity utilization for a multiproduct profit-maximizing firm. The approach builds on recent advances in the use of virtual prices to model the effects of rationing. This allows the effects of...