El Nino events are likely to affect maple syrup production since it is very sensitive to weather patterns. A statistically significant direct correlation has not been found in our preliminary analysis, however. This may be because many other factors affect production and because weather...

Renewable resource management is necessary to avoid the dissipation ofinter-temporal rents due to open access exploitation. In reality management iscostly, which implies that the first best solution is not appropriate. Managementcosts must be considered explicitly in optimization problems, to...