In this paper, we develop an empirical test of consistency in contingent willingness topay (WTP) responses, which is based on the following a priori expectation. In economics,when an individual considers paying for public goods, his decision to pay, and his WTP arebased on utility-maximising...

This article investigates the relationship between optimal gear selectivity and effort cost in the fishing industry. We first show that optimal selectivity depends negatively on the level of effort cost, but that this relationship is not continuous. Optimal selectivity switches when real effort...

Some perspectives of neo-institutional economics are used to reexamine the common pool fishery. Applications of properly rights theory in models simulating the evolution of fisheries management suggest that even in the presence of positive information and transactions costs (ITCs), resource...

As a means of handling the problem of input modeling forstochastic simulation experiments, we build upon previous workof Wagner and Wilson using Bézier distributions. Wagner andWilson proposed a likelihood ratio test to determine how manycontrol points (that is, parameters) a Bézier...