A common strategy for limiting the total annual catch in a fishery is to restrict entry and season length. We examine the results of this strategy when entry limitation amounts to a limit on capital, but fishing firms can vary an unrestricted input, and thereby use the restricted input more intensively. Under these regulatory constraints, fishing firms will earn rents that depend on the elastic...

September 2, 2016 Biodiversity can provide an economic insurance value against the uncertain provision of ecosystem services for risk-averse economic agents. For uncertain pollination services, we determine the risk premium and the economic insurance value of wild pollinators in almond orchards for a risk-averse farmer. For this, we describe pollination services as a distribution, which can be ...

Concerns about the management of threatened species continue to grow as these populations face mounting pressures from many factors. Trophy hunting in particular plays a significant role in wildlife conservation, both economically and biologically. In this paper, we present a framework for analyzing the economic impacts of different management strategies in the context of legal lion hunting in ...

Stated choice models based on the random utility framework are becoming increasingly popular in the applied economics literature. The need to account for respondents’ preference heterogeneity in such models has motivated researchers in agricultural, environmental, health and transport economics to apply random parameter logit and latent class models. In most of the published literature these mo...

The eBird database is the product of a huge citizen science project at the Cornell University Laboratory of Ornithology. Members report their birding excursions both their destinations and the numbers and types of birds they observe on each trip. Based on home address information, we calculate travel costs for each birder for trips to alternative birding hotspots. We focus on the Paci c Northwe...

In this paper the design of a voluntary incentive scheme for the provision of ecosystem services is considered, having in mind the forested areas in developing countries where a governmental agency plans to introduce a set-aside policy. Payments are offered to the landowners to compensate the economic loss for not converting land to agriculture. The information asymmetry between the agency and ...

Agents interacting on a body of water choose between technologies to catch …sh. One is harmless to the resource, as it allows full recovery; the other yields high immediate catches, but low(er) future catches. Strategic interaction in one ‘objective’resource game may induce several ‘subjective’ games in the class of social dilemmas. Which unique ‘subjective’game is actually played depends cruci...