The development of offshore oil and gas, the mining of deep sea minerals and the disposal of wastes through ocean dumping have raised important questions about the way we harvest ocean resources and use the marine environment. From an economic perspective all of the above activities involve...

The Magnuson fisheries Conservation and management Act (MFCMA) was enacted and implemented in 1977. In an analysis of data collected by the National Marine Fisheries Service one observes a significant increase in the landings of fish and shellfish and in the nominal and real exvessel revenue,...

A dynamic model of transfrontier pollution is constructed to analyze production and residual emission decisions for two countries under cooperative and noncooperative behavior. Each country must allocate marginal resources between more commodity production or more residual (emission) reduction....

This paper examines some of the economic issues underlying the control of pollution and the management of pollution-sensitive resources. The economics of a stock pollutant are briefly reviewed for a simple model with a quadratic damage function and linear dynamics (Section II). A two-state...

A simple bieconomic model (the Gordon-SChaefer model) is estimated for three species of tuna in the Eastern Tropical Atlantic. The model conformed well to the data and afforded estimates of maximum sustainable yield, bioeconomic and open access equilibria. Strong marginal stock effects were...