An understanding of the economics of natural and environmental resources is key to effective management. RIAES expects to continue its work in this area with a thrust toward management of fisheries, aquaculture and agricultural resources.

Goals of this Program
  • We propose to develop a comprehensive model of fisheries policy making and to subject selected hypotheses to extensive testing thus resulting in a new political-economic tool that will provide techniques for improving the design of fishery management institutions.
  • We hope to expand and develop seafood markets by developing new marketing ideas, identifying market niches, and developing alternative seafood products.
  • Evaluate the impacts of ecolabeling on consumer demand for frozen seafood.
  • Determine the impacts of consumer concerns of PCB contamination of farmed salmon on US import demand for farmed salmon.
  • Evaluate the impact of farmed shrimp on the US market and how shrimp aquaculture is changing prices.
  • Investigate the impact of homogeneous resource modeling in a heterogeneous fishery by synthesizing a stochastic production frontier model with the estimation classification algorithm. Model spatial decisions of fishermen in the Northeast Atlantic herring fleet.
  • Run experiments using the game theoretic model.

Dr. James J. Opaluch
Department Chair
Environmental and Natural Resource Economics
Room 207 Coastal Institute

Dr. Thomas W. Sproul
Assistant Professor
Environmental and Natural Resource Economics
Room 208 Coastal Institute

Dr. Corey Lang
Assistant Professor
Environmental and Natural Resource Economics
Room 214 Coastal Institute