Natural Resource Damage Assessment: Economic Implications for Fisheries Management

Property Rights and Natural Resource : Socio - Economic Heterogeneity and Distributional Implications of Common Property Resource Management

Implications of Global Climate Change for Natural Resource Damage Assessment, Restoration, and Rehabilitation

Various international and national regulations hold polluters liable for the cleanup of released hazardous substances and the restoration/rehabilitation of natural resources to preincident baseline conditions, a process often referred to as natural resource damage assessment and restoration (NRDAR). Here, we, the authors, describe how global climate change (GCC) will challenge each of the steps...

Why Is Natural Resource Damage Assessment so Hard?

I. VALUING THE COMMONS The failure of markets to allocate environmental public goods and handle externalities satisfactorily has long vexed economists. The tragedy of the commons stands in sharp rebuke to the idea that unsophisticated, privately organized markets work well enough to please Pareto. Since Paul Samuelson (1954) laid out the problem of efficient production of public goods in simple...

Robust Dynamic Optimization and Natural Resource Management: Numerical Methods and Fisheries Management

Most resource management problems exist in a setting of not only risk, but of Knightian uncertainty. That is, not only is the problem stochastic, the underlying distribution for this randomness is not known with certainty and is difficult to recover. When faced with such problems of uncertainty or ambiguity, many decision makers do not follow a simple subjective expected utility type behavior (...

Property Rights and Natural Resource: Socio-economic Heterogeneity and Distributional Implications of Common Property Resource Management in Nepal

The relationship between socio-economic heterogeneity and distributional implications of community-based resource management is becoming a growing concern in issues of local level collective action. This study tries to examine the contested role of heterogeneity and equity of resource distribution in community-based property rights regimes in reference to community-based forest management in Ne...