An implication of the von Liebig hypothesis is that crop-production functions have right-angle isoquants. This article presents a nonparametric estimation of right-angle isoquant production functions. It then describes a new test for right-angle isoquants. The procedures are used to test...

An implication of the von Liebig hypothesis is that crop-production functions have right-angle isoquants. This article presents a nonparametric estimation of right-angle isoquant production functions. It then describes a new test for right-angle isoquants. The procedures are used to test...

Many production processes feature joint production of a desirable output with an undesirable byproduct. Producers and consumers of the desirable output mutually benefit at the expense of non-consumers, who bear external damage costs imposed by production of the undesirable byproduct. A standard...

In commercial fisheries, stock collapse is an intrinsic problem caused by overexploitation or due to pure stochasticity. To analyze the risk of stock collapse, we apply a relatively simple Monte Carlo approach which can capture complex stock dynamics. We use an economic model with downward...

We demonstrate the power of the Ensemble Kalman Filter in specifying ecosystem models ideal for bioeconomic analysis. Bioeconomic analysis requires models to be relatively simple, but models must still capture the nature and dynamics of the system. With the Ensemble Kalman Filter, we are able to...