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Environmental Economics
The Environmental Economics blog is dedicated to the dissemination of economists’ views on current environmental and natural resource issues. We hope this blog will help bring economists’ views on environmental issues further into the mainstream. The intended audience includes the general public and students. Posts are non-technical.
We aim to fill the gap between traditional academic journals and the general interest press by providing a widely accessible yet UNscholarly source for [slightly uninformed] thinking on environmental economics and related policy.
Website: http://www.env-econ.net/
Contact:
john.c.whitehead@gmail.com or tchaab@gmail.com
More evidence that economists don't want to pillage the environment
March 21, 2008 09:04 AM - , Environmental Economics
About 25% of the world's fisheries are depleted such that their current biomass is lower than the level that would maximize the sustained yield (MSY). By using methods not previously applied in the fisheries conservation context, we show in four disparate fisheries (including the long-lived and slow-growing orange roughy) that the dynamic maximum economic yield (MEY), the biomass that produces the largest discounted economic profits from fishing, exceeds MSY.