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Martin D. Smith

George M. Woodwell Distinguished Professor of Environmental Economics
Marine Science and Conservation
Box 90328, Durham, NC 27708-0328
9 Circuit Drive, Grainger Hall 4116, Durham, NC 27708

Selected Publications


Policy and market forces delay real estate price declines on the US coast.

Journal Article Nature communications · March 2024 Despite increasing risks from sea-level rise (SLR) and storms, US coastal communities continue to attract relatively high-income residents, and coastal property values continue to rise. To understand this seeming paradox and explore policy responses, we de ... Full text Cite

Unraveling complex causal processes that affect sustainability requires more integration between empirical and modeling approaches.

Journal Article Proceedings of the National Academy of Sciences of the United States of America · October 2023 Scientists seek to understand the causal processes that generate sustainability problems and determine effective solutions. Yet, causal inquiry in nature-society systems is hampered by conceptual and methodological challenges that arise from nature-society ... Full text Cite

Economics of Aquatic Foods: Combining Bioeconomics and Market Analysis to Inform Regulations That Deliver Value

Journal Article Marine Resource Economics · October 1, 2023 Bioeconomic modeling and seafood market analysis both have rich intellectual traditions that have contrib-uted insights to understanding the economics of aquatic foods. This paper argues that these traditions, which developed mostly in parallel, should be ... Full text Cite

Reflecting on the recent history of coastal Maine fisheries and marine resource monitoring: the value of collaborative research, changing ecosystems, and thoughts on preparing for the future

Journal Article ICES Journal of Marine Science · October 1, 2023 The Maine Department of Marine Resources (MEDMR) is a state agency tasked with developing, conserving, researching, and promoting commercial and recreational marine fisheries across Maine's vast coastline. Close collaborations with industry members in each ... Full text Cite

Do Catch Shares Increase Prices? Evidence from US Fisheries

Journal Article Marine Resource Economics · July 1, 2023 Rights-based management of fishery resources theoretically allows firms to minimize the cost of extraction without the threat that other harvesters will take their allocations, but added flexibility also allows firms to exploit revenue margins such that fi ... Full text Cite

Buyouts with rentbacks: a policy proposal for managing coastal retreat

Journal Article Journal of Environmental Studies and Sciences · September 1, 2022 The discussion of adaptation to climate change in coastal areas has focused on short-term risk reduction and climate-proofing, but there is growing recognition that—at some point in the future—relocation to less vulnerable geographical areas will become ne ... Full text Cite

Global insights on managing fishery systems for the three pillars of sustainability

Journal Article Fish and Fisheries · July 1, 2022 There is growing recognition that fisheries should be managed for all three pillars of sustainability: economic, social and environmental sustainability. Limited quantitative evidence exists on factors supporting social sustainability, much less factors th ... Full text Cite

Discrete Choice Modeling of Fishers’ Landing Locations

Journal Article Marine Resource Economics · July 1, 2022 Commercial fishing decisions about where to land and sell catches have important efficiency and distributional implications for fishing communities. Unlike fishing location choices, landing locations choices have received little attention. We develop a mod ... Full text Cite

China's seafood imports-Not for domestic consumption?

Journal Article Science (New York, N.Y.) · January 2022 [Figure: see text]. ... Full text Cite

Global markets and the commons: The role of imports in the US wild-caught shrimp market

Journal Article Environmental Research Letters · January 1, 2022 The commons literature focuses heavily on rules and the behavior of resource users but places less emphasis on the returns to individual effort. However, for most resource settings, market conditions and associated resource prices are key drivers of exploi ... Full text Cite

The “Seafood” System: Aquatic Foods, Food Security, and the Global South

Journal Article Review of Environmental Economics and Policy · January 1, 2022 Full text Cite

Aquaculture: Externalities and Policy Options

Journal Article Review of Environmental Economics and Policy · January 1, 2022 Full text Cite

Implications of new technologies for future food supply systems

Journal Article Journal of Agricultural Science · July 21, 2021 The combination of advances in knowledge, technology, changes in consumer preference and low cost of manufacturing is accelerating the next technology revolution in crop, livestock and fish production systems. This will have major implications for how, whe ... Full text Cite

Making sense of firms for ocean governance

Journal Article One Earth · May 21, 2021 Attention to firms in the ocean economy is growing as oceans face rapid ecological change as well as surges in investment and governance efforts under a “blue economy” paradigm. Concepts and methods that can “make sense” of firms and their positioning with ... Full text Cite

Implications of disease in shrimp aquaculture for wild-caught shrimp

Journal Article Marine Resource Economics · April 1, 2021 We investigate whether supply shocks in shrimp aquaculture caused by disease increase prices of wild-caught shrimp in the US Gulf of Mexico, using Gulf prices and US shrimp imports from Ecuador, Thailand, and Indonesia. Many studies have shown that shrimp ... Full text Cite

An Age-Structured Backward-Bending Supply of Fish: Implications for Conservation of Bluefin Tuna

Journal Article Journal of the Association of Environmental and Resource Economists · January 1, 2021 We develop a bioeconomic model to analyze the long-run supply of fish and find that steady-state supply can have multiple bends in an age-structured setting. We parameterize the model using data for the Eastern stock of Atlantic Bluefin tuna dur-ing the pr ... Full text Cite

Fishery collapse revisited

Journal Article Marine Resource Economics · January 1, 2021 Fishery collapse has been defined as a fishery with annual landings less than 10% of the historic maximum observed catch. However, this 10% rule is not grounded in bioeconomic theory despite being widely used in empirical economic studies of fisheries. We ... Full text Cite

Integration of a local fish market in Namibia with the global seafood trade: Implications for fish traders and sustainability

Journal Article World Development · November 1, 2020 Within the last decades, globalization has changed the international seafood trade, allowing low-income countries to access markets in high-income countries and vice versa. Nevertheless, the effects of globalization are controversial and in particular the ... Full text Cite

Policy and market forces delay real estate price declines on the US coast.

Journal Article Nature communications · March 2024 Despite increasing risks from sea-level rise (SLR) and storms, US coastal communities continue to attract relatively high-income residents, and coastal property values continue to rise. To understand this seeming paradox and explore policy responses, we de ... Full text Cite

Unraveling complex causal processes that affect sustainability requires more integration between empirical and modeling approaches.

Journal Article Proceedings of the National Academy of Sciences of the United States of America · October 2023 Scientists seek to understand the causal processes that generate sustainability problems and determine effective solutions. Yet, causal inquiry in nature-society systems is hampered by conceptual and methodological challenges that arise from nature-society ... Full text Cite

Economics of Aquatic Foods: Combining Bioeconomics and Market Analysis to Inform Regulations That Deliver Value

Journal Article Marine Resource Economics · October 1, 2023 Bioeconomic modeling and seafood market analysis both have rich intellectual traditions that have contrib-uted insights to understanding the economics of aquatic foods. This paper argues that these traditions, which developed mostly in parallel, should be ... Full text Cite

Reflecting on the recent history of coastal Maine fisheries and marine resource monitoring: the value of collaborative research, changing ecosystems, and thoughts on preparing for the future

Journal Article ICES Journal of Marine Science · October 1, 2023 The Maine Department of Marine Resources (MEDMR) is a state agency tasked with developing, conserving, researching, and promoting commercial and recreational marine fisheries across Maine's vast coastline. Close collaborations with industry members in each ... Full text Cite

Do Catch Shares Increase Prices? Evidence from US Fisheries

Journal Article Marine Resource Economics · July 1, 2023 Rights-based management of fishery resources theoretically allows firms to minimize the cost of extraction without the threat that other harvesters will take their allocations, but added flexibility also allows firms to exploit revenue margins such that fi ... Full text Cite

Buyouts with rentbacks: a policy proposal for managing coastal retreat

Journal Article Journal of Environmental Studies and Sciences · September 1, 2022 The discussion of adaptation to climate change in coastal areas has focused on short-term risk reduction and climate-proofing, but there is growing recognition that—at some point in the future—relocation to less vulnerable geographical areas will become ne ... Full text Cite

Global insights on managing fishery systems for the three pillars of sustainability

Journal Article Fish and Fisheries · July 1, 2022 There is growing recognition that fisheries should be managed for all three pillars of sustainability: economic, social and environmental sustainability. Limited quantitative evidence exists on factors supporting social sustainability, much less factors th ... Full text Cite

Discrete Choice Modeling of Fishers’ Landing Locations

Journal Article Marine Resource Economics · July 1, 2022 Commercial fishing decisions about where to land and sell catches have important efficiency and distributional implications for fishing communities. Unlike fishing location choices, landing locations choices have received little attention. We develop a mod ... Full text Cite

China's seafood imports-Not for domestic consumption?

Journal Article Science (New York, N.Y.) · January 2022 [Figure: see text]. ... Full text Cite

Global markets and the commons: The role of imports in the US wild-caught shrimp market

Journal Article Environmental Research Letters · January 1, 2022 The commons literature focuses heavily on rules and the behavior of resource users but places less emphasis on the returns to individual effort. However, for most resource settings, market conditions and associated resource prices are key drivers of exploi ... Full text Cite

The “Seafood” System: Aquatic Foods, Food Security, and the Global South

Journal Article Review of Environmental Economics and Policy · January 1, 2022 Full text Cite

Aquaculture: Externalities and Policy Options

Journal Article Review of Environmental Economics and Policy · January 1, 2022 Full text Cite

Implications of new technologies for future food supply systems

Journal Article Journal of Agricultural Science · July 21, 2021 The combination of advances in knowledge, technology, changes in consumer preference and low cost of manufacturing is accelerating the next technology revolution in crop, livestock and fish production systems. This will have major implications for how, whe ... Full text Cite

Making sense of firms for ocean governance

Journal Article One Earth · May 21, 2021 Attention to firms in the ocean economy is growing as oceans face rapid ecological change as well as surges in investment and governance efforts under a “blue economy” paradigm. Concepts and methods that can “make sense” of firms and their positioning with ... Full text Cite

Implications of disease in shrimp aquaculture for wild-caught shrimp

Journal Article Marine Resource Economics · April 1, 2021 We investigate whether supply shocks in shrimp aquaculture caused by disease increase prices of wild-caught shrimp in the US Gulf of Mexico, using Gulf prices and US shrimp imports from Ecuador, Thailand, and Indonesia. Many studies have shown that shrimp ... Full text Cite

An Age-Structured Backward-Bending Supply of Fish: Implications for Conservation of Bluefin Tuna

Journal Article Journal of the Association of Environmental and Resource Economists · January 1, 2021 We develop a bioeconomic model to analyze the long-run supply of fish and find that steady-state supply can have multiple bends in an age-structured setting. We parameterize the model using data for the Eastern stock of Atlantic Bluefin tuna dur-ing the pr ... Full text Cite

Fishery collapse revisited

Journal Article Marine Resource Economics · January 1, 2021 Fishery collapse has been defined as a fishery with annual landings less than 10% of the historic maximum observed catch. However, this 10% rule is not grounded in bioeconomic theory despite being widely used in empirical economic studies of fisheries. We ... Full text Cite

Integration of a local fish market in Namibia with the global seafood trade: Implications for fish traders and sustainability

Journal Article World Development · November 1, 2020 Within the last decades, globalization has changed the international seafood trade, allowing low-income countries to access markets in high-income countries and vice versa. Nevertheless, the effects of globalization are controversial and in particular the ... Full text Cite

Seasonal Harvest Patterns in Multispecies Fisheries

Journal Article Environmental and Resource Economics · March 1, 2020 Fishers face multidimensional decisions: when to fish, what species to target, and how much gear to deploy. Most bioeconomic models assume single-species fisheries with perfectly elastic demand and focus on inter-seasonal dynamics. In real-world fisheries, ... Full text Cite

A Global Blue Revolution: Aquaculture Growth Across Regions, Species, and Countries

Journal Article Reviews in Fisheries Science and Aquaculture · January 2, 2020 Discussions about global aquaculture production and prospects for future growth largely focus on Asia, where most global production takes place. Countries in Asia accounted for about 89% of global production in 2016. Exclusive attention to Asian aquacultur ... Full text Cite

Subsidies, efficiency, and fairness in fisheries policy.

Journal Article Science (New York, N.Y.) · April 2019 Featured Publication Full text Cite

Causal inference in coupled human and natural systems.

Journal Article Proceedings of the National Academy of Sciences of the United States of America · March 2019 Featured Publication Coupled human and natural systems (CHANS) are complex, dynamic, interconnected systems with feedback across social and environmental dimensions. This feedback leads to formidable challenges for causal inference. Two significant challenges involve assumptio ... Full text Cite

Feature-Taking Stock of Catch Shares: Lessons from the Past and Directions for the Future

Journal Article Review of Environmental Economics and Policy · February 1, 2019 With the widespread implementation of catch shares (i.e., rights-based fisheries management) at the end of the twentieth century, economists have begun to examine empirical evidence about their performance. Yet despite documented positive outcomes and pred ... Full text Cite

Paying to save the beach: effects of local finance decisions on coastal management

Journal Article Climatic Change · January 30, 2019 As sea level rises and storm frequency and severity increase, communities worldwide are investing in coastline management projects to maintain beach widths and dunes that support recreational amenities and mitigate storm risks. These projects are costly, a ... Full text Cite

Economic impacts of marine reserves: The importance of spatial behavior

Chapter · January 22, 2019 Marine biologists have shown virtually unqualified support for managing fisheries with marine reserves, signifying a new resource management paradigm that recognizes the importance of spatial processes in exploited systems. Most modeling of reserves employ ... Cite

Three pillars of sustainability in fisheries.

Journal Article Proceedings of the National Academy of Sciences of the United States of America · October 2018 Sustainability of global fisheries is a growing concern. The United Nations has identified three pillars of sustainability: economic development, social development, and environmental protection. The fisheries literature suggests that there are two key tra ... Full text Cite

Viewpoint: Induced Innovation in Fisheries and Aquaculture

Journal Article Food Policy · April 1, 2018 Featured Publication Some classical economists, most notably Malthus, predicted that scarcity would undermine long-term human well-being. John Stuart Mill, in contrast, predicted that the threat of scarcity creates incentives for innovation that help to avoid some of the worst ... Full text Cite

Climate change adaptation in coastal environments: Modeling challenges for resource and environmental economists

Journal Article Review of Environmental Economics and Policy · February 1, 2018 Full text Cite

Spatial patterns of market participation and resource extraction: Fuelwood collection in Northern Uganda

Journal Article American Journal of Agricultural Economics · July 1, 2017 While distance to markets is a key determinant of market participation for households that are dependent on natural resources, the distance to the resource stock is also essential. Thus, a household's location with respect to markets and the resource stock ... Full text Open Access Cite

Disease Risk and Market Structure in Salmon Aquaculture

Journal Article Water Economics and Policy · April 1, 2017 We develop a model of a multi-national firm producing commodities for a global market in multiple locations with location-specific risks and different regulatory standards. Salmon aquaculture and disease outbreaks provide an empirically relevant example. W ... Full text Open Access Cite

Editorial: The Breadth of Ocean and Coastal Economics

Journal Article Marine Resource Economics · April 1, 2017 Full text Cite

Catch shares slow the race to fish.

Journal Article Nature · April 2017 Featured Publication In fisheries, the tragedy of the commons manifests as a competitive race to fish that compresses fishing seasons, resulting in ecological damage, economic waste, and occupational hazards. Catch shares are hypothesized to halt the race by securing each indi ... Full text Cite

Disease Risk and Market Structure in Salmon Aquaculture

Journal Article Water Economics and Policy · April 2017 We develop a model of a multi-national firm producing commodities for a global market in multiple locations with location-specific risks and different regulatory standards. Salmon aquaculture and disease outbreaks provide an empirically relevant example. W ... Cite

Fisheries management

Chapter · March 27, 2017 Cite

Seafood prices reveal impacts of a major ecological disturbance.

Journal Article Proceedings of the National Academy of Sciences of the United States of America · February 2017 Featured Publication Coastal hypoxia (dissolved oxygen ≤ 2 mg/L) is a growing problem worldwide that threatens marine ecosystem services, but little is known about economic effects on fisheries. Here, we provide evidence that hypoxia causes economic impacts on a major fishery. ... Full text Open Access Cite

Fleet behavior is responsive to a large-scale environmental disturbance: Hypoxia effects on the spatial dynamics of the northern Gulf of Mexico shrimp fishery.

Journal Article PloS one · January 2017 The northwestern Gulf of Mexico shelf experiences one of the largest seasonal hypoxic zones in the western hemisphere. Hypoxia (dissolved oxygen, DO ≤ 2.0 mg·L-1) is most severe from May to August during the height of the Gulf shrimp fishery, but its effec ... Full text Cite

Economics of coastal erosion and adaptation to sea level rise

Journal Article Annual Review of Resource Economics · October 5, 2016 This article provides a review and synthesis of geoeconomic models that are used to analyze coastal erosion management and shoreline change. We outline a generic framework for analyzing risk-mitigating and/or recreation-enhancing policy interventions withi ... Full text Open Access Cite

Trade intervention: Not a silver bullet to address environmental externalities in global aquaculture

Journal Article Marine Policy · July 1, 2016 Aquaculture has been the world's fastest growing food production technology in recent decades, and continued growth in aquaculture production is predicted. While creating economic opportunity, aquaculture is also a new way of using eco-systems, and there i ... Full text Open Access Cite

Spillovers in regional fisheries management: Do catch shares cause leakage?

Journal Article Land Economics · May 1, 2016 Regional councils manage U.S. fisheries. Fishermen can participate in fisheries managed by multiple councils, and effort controls in one region could lead to effort leakage into another. Theoretical modeling demonstrates that positive, negative, and no lea ... Full text Open Access Cite

American Catch: The Fight for Our Local Seafood. By Paul Greenberg

Other Marine Resource Economics · January 1, 2016 Full text Cite

Economic incentives to target species and fish size: Prices and fine-scale product attributes in Norwegian fisheries

Journal Article ICES Journal of Marine Science · August 19, 2015 Improved fisheries management provides fishers with more opportunities to maximize harvest value by accounting for valuable attributes of the harvest such as species, harvest timing, fish size, product form, and landing location. Harvest values can also va ... Full text Open Access Cite

Fair Enough? Food Security and the International Trade of Seafood

Journal Article World Development · March 1, 2015 Does international trade make all parties better off? We study the relationship between food security and the international trade of fish and seafood between developing and developed countries. Specifically, we look at and discuss the evolution of trade fl ... Full text Open Access Cite

Climate adaptation and policy-induced inflation of coastal property value.

Journal Article PloS one · January 2015 Human population density in the coastal zone and potential impacts of climate change underscore a growing conflict between coastal development and an encroaching shoreline. Rising sea-levels and increased storminess threaten to accelerate coastal erosion, ... Full text Open Access Cite

The fishery performance indicators: a management tool for triple bottom line outcomes.

Journal Article PloS one · January 2015 Pursuit of the triple bottom line of economic, community and ecological sustainability has increased the complexity of fishery management; fisheries assessments require new types of data and analysis to guide science-based policy in addition to traditional ... Full text Open Access Cite

Pricing of eco-labels with retailer heterogeneity

Journal Article Food Policy · January 1, 2015 Eco-labels are important features of many natural resource and food markets. They certify that a product has some desirable unobserved quality, typically related to a public good such as being sustainably produced. Two issues that have received limited att ... Full text Open Access Cite

Fauna in decline: management risks.

Journal Article Science (New York, N.Y.) · November 2014 Full text Cite

Markets, Trade and Seafood

Chapter · July 23, 2014 This entry describes the growth in seafood production and trade and the main factors causing these developments. We then review the leading economic research on the international seafood trade and markets with a focus on interactions of markets and the man ... Open Access Cite

Steering the global partnership for oceans

Journal Article Marine Resource Economics · May 2, 2014 The Global Partnership for Oceans (GPO) is an alliance of governments, private firms, international organizations, and civil society groups that aims to promote ocean health while contributing to human wellbeing. A Blue Ribbon Panel (BRP) was commissioned ... Full text Open Access Cite

Spatial-dynamics of hypoxia and fisheries: The case of Gulf of Mexico brown shrimp

Journal Article Marine Resource Economics · May 2, 2014 We analyze the Gulf of Mexico brown shrimp fishery and the potential impacts of a large seasonal area of hypoxia (low dissolved oxygen) that coincides with the peak shrimp season. A spatial-dynamic bioeconomic simulation embeds three biological impacts on ... Full text Open Access Cite

Open access and the fishery

Chapter · March 28, 2014 Economics is the study of the decisions, the insti- tutions, the rules, and the laws that result in how our stuff is made and consumed ... Environmental and Natural Resource Economics: An Encyclopedia offers the critical information needed to ... ... Cite

From Vegetable Box to Seafood Cooler: Applying the Community-Supported Agriculture Model to Fisheries

Journal Article Society and Natural Resources · 2014 Community-supported fisheries (CSF) projects show signs of rapid growth. Modeled on community-supported agriculture (CSA) projects, CSFs share objectives of reducing social and physical distance between consumers and producers and re-embedding food systems ... Full text Cite

Will a catch share for whales improve social welfare?

Journal Article Ecological applications : a publication of the Ecological Society of America · January 2014 We critique a proposal to use catch shares to manage transboundary wildlife resources with potentially high non-extractive values, and we focus on the case of whales. Because whales are impure public goods, a policy that fails to capture all nonmarket bene ... Full text Open Access Cite

The Dynamic Efficiency Costs of Common-Pool Resource Exploitation

Journal Article American Economic Review · 2014 Featured Publication Full text Open Access Cite

Managing Our Nations Fisheries 3: Advancing Sustainability

Chapter · 2014 Value Tradeoffs in Fisheries Management ... Cite

Coupled economic-coastline modeling with suckers and free riders

Journal Article Journal of Geophysical Research: Earth Surface · June 1, 2013 Shoreline erosion is a natural trend along most sandy coastlines. Humans often respond to shoreline erosion with beach nourishment to maintain coastal property values. Locally extending the shoreline through nourishment alters alongshore sediment transport ... Full text Cite

Reflections on Marine Resource Economics: Editor’s Introduction

Journal Article Marine Resource Economics · September 2012 Full text Cite

U.S. Shrimp Market Integration

Journal Article Marine Resource Economics · 2012 Open Access Cite

Fish is food--the FAO's fish price index.

Journal Article PloS one · January 2012 World food prices hit an all-time high in February 2011 and are still almost two and a half times those of 2000. Although three billion people worldwide use seafood as a key source of animal protein, the Food and Agriculture Organization (FAO) of the Unite ... Full text Open Access Cite

The New Fisheries Economics: Incentives Across Many Margins

Journal Article ANNUAL REVIEW OF RESOURCE ECONOMICS, VOL 4 · 2012 Featured Publication Full text Cite

Emergent behavior in a coupled economic and coastline model for beach nourishment

Journal Article Nonlinear Processes in Geophysics · December 1, 2011 Developed coastal areas often exhibit a strong systemic coupling between shoreline dynamics and economic dynamics. "Beach nourishment", a common erosion-control practice, involves mechanically depositing sediment from outside the local littoral system onto ... Full text Cite

Prices and Quantities to Control Overfishing

Journal Article · July 4, 2011 Cite

The Value of Disappearing Beaches: A Hedonic Model with Endogenous Beach Width

Journal Article Journal of Environmental Economics and Management · 2011 Link to item Cite

Non-spatial and spatial models in bioeconomics

Journal Article Natural Resource Modeling · 2011 Open Access Cite

Estimation of a generalized fishery model: A two-stage approach

Journal Article Review of Economics and Statistics · 2011 Featured Publication U.S. federal law calls for an end to overfishing, but measuring overfishing requires knowledge of bioeconomic parameters. Using microlevel economic data from the commercial fishery, this paper proposes a two-stage approach to estimate these parameters for ... Full text Cite

Progress in Coupling Models of Human and Coastal Landscape Change

Journal Article Computers & Geosciences · 2011 Cite

Genetically Modified Salmon and Full Impact Assessment

Journal Article Science · November 2010 Featured Publication Link to item Cite

Political economy of marine reserves: understanding the role of opportunity costs.

Journal Article Proc Natl Acad Sci U S A · October 26, 2010 Featured Publication The creation of marine reserves is often controversial. For decisionmakers, trying to find compromises, an understanding of the timing, magnitude, and incidence of the costs of a reserve is critical. Understanding the costs, in turn, requires consideration ... Full text Link to item Cite

Economics. Sustainability and global seafood.

Journal Article Science · February 12, 2010 Full text Link to item Cite

Quantifying the Economic Effects of Hypoxia on a Fishery for Brown Shrimp, Farfantepenaeus aztecus

Journal Article Marine and Coastal Fisheries: Dynamics, Management, and Ecosystem Science · 2010 Link to item Cite

Toward an Econometric Foundation for Marine Ecosystem-based Management

Journal Article Bulletin of Marine Science · 2010 Cite

The Value of Disappearing Beaches in North Carolina: A hedonic pricing model with endogenous beach width

Journal Article Journal of Environmental Economics and Management · 2010 Cite

The economics of spatial-dynamic processes: Applications to renewable resources

Journal Article Journal of Environmental Economics and Management · 2009 Featured Publication Spatial-dynamic processes in renewable resource economics pose difficult conceptual, analytical, empirical, and institutional challenges that are distinct from either spatial or dynamic problems. We describe the challenges and conceptual approaches using b ... Full text Cite

Beach nourishment as a dynamic capital accumulation problem

Journal Article Journal of Environmental Economics and Management · 2009 Featured Publication Beach nourishment is a common coastal management strategy used to combat erosion along sandy coastlines. It involves building out a beach with sand dredged from another location. This paper develops a positive model of beach nourishment and generates testa ... Full text Cite

Bioeconometrics: Empirical Modeling of Bioeconomic Systems

Journal Article Marine Resource Economics · 2008 Cite

Managing Fish Portfolios

Journal Article Resources · December 2007 Link to item Cite

Generating value in habitat-dependent fisheries: The importance of fishery management institutions

Journal Article Land Economics · 2007 This paper models dynamic producer and consumer benefits from improving habitat that supports the North Carolina blue crab fishery. It embeds two fishery management institutions - open access and partial rationalization - in a multispecies, two-patch spati ... Cite

Open access in a spatially delineated artisanal fishery: The case of Minahasa, Indonesia

Journal Article Environment and Development Economics · 2007 The effects of economic development on the exploitation of renewable resources are investigated in settings where property rights are ill defined or not enforced. This paper explores potential conservation implications from labor and product market develop ... Full text Open Access Cite

Effectiveness of marine reserves for large-scale fisheries management

Journal Article Canadian Journal of Fisheries and Aquatic Sciences · 2006 As more no-take marine reserves are established, the importance of evaluating effectiveness retrospectively is growing. This paper adapts methods from program evaluation to quantify the effects of establishing a marine reserve on fisheries using fishery-de ... Full text Cite

Landscapes toolkit for triple-bottom-line assessment of land use scenarios in Great Barrier Reef catchments

Conference MODSIM05 - International Congress on Modelling and Simulation: Advances and Applications for Management and Decision Making, Proceedings · December 1, 2005 The coastal strip adjacent to the Great Barrier Reef (GBR) is a region of high economic importance and exceptional environmental value. It contains the highest biological diversity in Australia, supports a World Heritage rainforest area and directly influe ... Cite

State Dependence and Heterogeneity in Fishing Location Choice

Journal Article Journal of Environmental Economics and Management · 2005 Link to item Cite

Heterogeneous and correlated risk preferences in commercial fishermen: The perfect storm dilemma

Journal Article Journal of Risk and Uncertainty · 2005 Commercial fishing involves both physical and financial risks. This combination questions whether fishermen are inherently risk-loving, whether physical and financial risk preferences are correlated, and how much preferences vary across fishermen. This pap ... Full text Cite

Limited Entry Licensing: Insights from a Duration Model

Journal Article American Journal of Agricultural Economics · 2004 Link to item Cite

The economics of conserving wildlife and natural areas

Journal Article AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS · September 1, 2003 Link to item Cite

Economic Impacts of Marine Reserves: The Importance of Spatial Behavior

Journal Article Journal of Environmental Economics and Management · 2003 Link to item Cite

Avoiding surprises: Incorporating fisherman behavior into management models

Journal Article Bulletin of Marine Science · March 1, 2002 All fisheries-management models incorporate simplifying assumptions about ecological and oceanographic mechanisms that are fundamentally uncertain or stochastic, but exploited fisheries are also subject to equally important uncertainties associated with fi ... Cite

The Marine Environment: Fencing the Last Frontier

Journal Article Review of Agricultural Economics · 2002 Cite

Entry and exit in California's organic farming sector

Journal Article Advances in the Economics of Environmental Resources · January 1, 2002 In California, organic acreage increased by 60% and sales of organic commodities increased by 110% between 1992 and 1997. The rate of growth in the organic industry does not reveal the dynamic nature of California's organic agriculture. In this chapter, we ... Cite

Spatial search and fishing location choice: Methodological challenges of empirical modeling

Journal Article American Journal of Agricultural Economics · January 1, 2000 Discrete choice modeling of fishing location tries to resolve simultaneously behavioral responses to information, what this information is, and the way that the information is gathered and processed. Without observing the process itself, the modeler really ... Full text Cite

Valuing Ecosystem Services with Fishery Rents: A Lumped-Parameter Approach to Hypoxia in the Neuse River Estuary

Scholarly Edition Valuing ecosystem services with microeconomic underpinnings presents challenges because these services typically constitute nonmarket values and contribute to human welfare indirectly through a series of ecological pathways that are dynamic, nonlinear, and ... Cite