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We study the strategic exploitation of an age-structured, common-property resource, where agents target different age classes. We present the first closed form solution for the optimal harvesting of an age-structured population, and we derive closed-form solutions for the Markov-perfect Nash...
While prawns are produced domestically, most prawns currently consumed in Australia are imported from Asia. Local producers are concerned that these imports are depressing prices for their product, and future growth in imports due to increased global supplies would reduce their viability. We...
We estimate the value of beach condition information in the hands of the public prior to taking beach trips. We designed and administered a contingent-valuation survey to the beachgoing population of the five U.S. Gulf Coast states that features a region-wide beach condition monitoring system...
This article examines the collective bargaining efforts of atomized fishermen with a monopsony-like buying sector. Government allocation of collective share quotas to fishermen’s organizations triggered the voluntary formation of cooperative fishermen’s bargaining associations, while a highly...
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