In his seminal work on common property resources, H. Scott Gordon proposed that in a fishery with multiple grounds, effort would be distributed such that profit rates would be equal among them. Gordon's model relies on implicit assumptions that are inaccurate and lead to false conclusions in...

An Introduction to the special issue on Recent Developments in Fisheries Economics

This paper addresses uncertain biomass shifts in renewable resources. A biomass shift occurs when a dominant renewable resource stock collapses and its ecosystem niche is filled by a replacement species which increases in abundance after the initial collapse. This paper develops a bioeconomic...

This article addresses the interface between law and the morality of civil society. It starts with a review of the discourse between the utilitarian approach to rationality and perspectives which include normative action. It subsequently explores the ...

The implications of individual transferable quotas (ITQs) for reducing harbor porpoise bycatch in a multi-species fishery are investigated. Our intra-year bioeconomic model incorporates spatial and temporal patterns of abundance and harvest rates of commercial fish species and porpoise. Results...

International environmental organizations propose voluntary eco-labeling as a market incentive to promote industry to operate in an ecologically sustainable and environmentally friendly manner. A microeconomic analysis questions whether voluntary eco-labeling will cause producer profits in a...

States and municipalities have committed over $24 billion in bond issues for land conservation in recent years, yet the structure of the land conservation industry and markets is poorly understood. Using a stated choice experiment survey, we examine the role of public access in willingness to...

International environmental groups propose to implement new standards of forest management through programs that certify producers who meet criteria to enhance biodiversity or sustainability. These producers could earn an "eco-label" that identifies their products for consumers. We consider...

Alternative funding approaches affect stated preferences. An individual’s willingness to reallocate existing tax dollars exceeds willingness to pay new taxes to conserve land. However, stated preferences also imply a non-zero opportunity cost to existing tax dollars; different income groups...

Policymakers anticipate strong local opposition to undesirable land-uses, such as large-scale landfills, and therefore seek new methods for selecting sites. This paper develops an approach that integrates the technical, economic, and political concerns relevant to siting decisions, beginning...