Overcapacity is a major problem in common-pool resources. Regulators increasingly turn from limited entry to individual transferable use rights to address overcapacity. Using individual vessel data from before and after the introduction of individual harvest rights into a fishery, the paper...

Deterministic data envelopment analysis (DEA) and stochastic production frontier (SPF) models are alternative methods for estimating capacity in fisheries. Fishery managers should be aware of likely differences in the capacity estimates obtained from these approaches if such estimates are to be...

Survey data from over 1,600 households in ten countries were used to analyse the determinants of residential water demand. Results show that in every country the price elasticity is negative and statistically significant. Households that do not have to pay for the water they use (volumetric...

The year 2006 marked the twentieth anniversary of the introduction of the Quota Management System (QMS) in New Zealand fisheries management. This major institutional change made individual transferable quota (ITQ) the quantitative authority for commercial fisheries catches, leading structural...

In this paper, we present a spatial model of fishing that can be used to assess some of the economic welfare losses to producers from setting aside essential fish habitat (EFH) areas. The paper demonstrates how spatially explicit behavioral models of fishing are estimated, how these models can...

Fisheries throughout the world have long been subject to overfishing and excess capacity, which has generated substantial and increasing concern about biological and economic performance ramifications. These problems in part stem from substantial investment in technical improvements to boats and...

Fisheries throughout the world have long been subject to overfishing and excess capacity, which has generated substantial and increasing concern about biological and economic performance ramifications. These problems in part stem from substantial investment in technical improvements to boats and...

The effects of different harvesting strategies on the mean and variation in size of the fish stock and net revenues are investigated. The strategies analyzed are constant catch, constant effort, and constant escapement. A Gordon-Schaefer model affected by cyclical disturbances and stochastic...

This paper examines the generation of resource rent during the transition from an over-exploited to an efficiently managed fishery. A simple theoretical model is used to demonstrate that current industry returns may below or even negative during this adjustment phase. A case in point is the New...