Property rights in a fishery: regulatory change and firm performance

Article Abstract:

To analyze changes in productivity of firms harvesting a natural capital stock a new method is introduced and applied to the British Columbia halibut fishery. Using micro-level data from a common-pool resource an application of the method is given.

Inventory Control, Capital productivity

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Time inconsistent resource conservation contracts

Article Abstract:

Resource conservation contracts are analyzed using a model to show the impact of time inconsistency on their efficiencies. Suggestions to overcome time inconsistency are also presented.

Evaluation, Mathematical models, Time management, Environmental auditing

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Handling unobserved site characteristics in random utility models of recreation demand

Article Abstract:

Usage of random utility model of recreation demand to find out ignored characteristics of recreation sites, by application of Monte Carlo simulation is presented.

Monte Carlo method, Monte Carlo methods, Recreation research

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