Not only the tragedy of the commons: misperceptions of bioeconomics

Article Abstract:

A study of the problem of mismanagement of renewable resources focuses on a class of explanation known as the resource management problem or the 'provision problem.' This can be modelled as a dynamic, nonlinear optimization problem under uncertainty and ambiguity. This class of explanation differs from the 'commons problem,' which describes a situation wherein the benefits of exploiting a common resource are enjoyed only by the individual, but the costs are borne by everyone. The management problem is examined in Norway's fisheries sector. The study focuses on three issues: the possibility that actors in the fisheries sector misunderstand the bioeconomics of their resources; the mental models and decision rules they use and how these differ from the perfect models and optimal rules; and ways that misperceptions can be resolved.

Commercial Fishing, Fishing, Research, Fishes, Environmental economics, Fishery management, Common lands

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Mini-utes are maxi-fun

Article Abstract:

Mini sport-utility vehicles (SUVs) are the latest rage in the burgeoning SUV market. Traditional sized SUVs use a truck chassis and truck-style rear-wheel drive, but mini SUVs are built using a car chassis and front-drive transmission. Mini SUVs are also priced significantly less.

Purchasing, Product information, Automobile industry, Sport utility vehicles, Sport-utility vehicles

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Makeup 101: beautifying basics, from the woman who reinvented the rules

Article Abstract:

Brown recommends using natural-looking foundation and powder, because they reduce redness and even out skin tone. Other makeup tips deal with using concealer and applying blush and lipstick.

Usage, Cosmetics

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