This paper examines the impact of the introduction of Individual Transferable Quotas (ITQs) on catch, market share, and capacity utilization of firms in the Mid Atlantic Surf Clam and Ocean Quahog (SCOQ) Fishery. Via the production function framework, catch and market share regression models are...

Purpose – This paper aims to build a mathematical model to determine the price of an acre of developable land, whether it is part of a large open tract (farm) or a smaller residential parcel that can legally be subdivided. The primary purpose of the model is to explore the effect of various...