It is 20 years since Munro and Scott identified the causes and possible remedies for the dissipation of rents in fisheries. We analyse one of the solutions proposed by Munro and Scott by using insights from the British Columbia multi-species groundfish trawl fishery that has used ITQs since...

Rent and stumpage in the British Columbia softwood lumber industry have played a pivotal role in the Canada-United States softwood lumber dispute. The goal of the US in the dispute has been to limit lumber exports from Canada and increase domestic American prices. Rent theory shows that BC's...

Artisanal fishing communities include some of the poorest fishers in Malaysia. The paper presents the first technical efficiency study, whichfinds that artisanal fishers are poor, but enjoy a higher level of technical efficiency than found in the other Malaysian gill net fisheries. It suggests...

Socially responsible investment mutual funds have played an active role in encouraging sustainability in the natural resources sectors, particularly in North America's forest industry which tends to be reactive in adopting sustainable practices. A survey of socially responsible investment mutual...

The McKibbin-Wilcoxen Proposal for Global Greenhouse Abatement

In earlier papers we have argued that the Kyoto Protocol is not sustainable as a global climate change policy and have proposed an alternative policy regime based on a coordinated but decentralised system of national permit trading systems with a fixed internationally negotiated price for...

We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto protocol, under various assumptions about that extent of international permit trading. We focus,...

Beyond the Kyoto Protocol