The crisis of environmental degradation has createcharemd an immense volume of literature which focuses on controlling environmental problems. Economic Rights and Environmental Wrongs goes one step further to extend and complement the current debates

The paper examines how an easy-to-apply optimal feedback rule can be used to solve for optimal levels of exploitation of a renewable resource. Using data from Canada's northern cod fishery, the optimal feedback rule is used to derive optimal levels of exploitation for the years 1962-91 under...