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Department of Resource Economics

Economic Experiments on the Defense of Common Pool Resources

This project aims to design and conduct economic laboratory experiments to investigate behavioral issues related to the defense of common pool resources from encroachment by outsiders. Common pool resources are assets -- often natural assets such as forests, fisheries and water supplies --t hat are managed by a group of users. These resources are prone to inefficient use because individuals tend toward over-exploitation relative to what would maximize the welfare of the group.

Economics of Individual and Collective Preparedness for Unpredictable, Global Threats in Population, Food and the Environment

This project focuses on the economics of coping with decision environment anomalies through preparedness. Approaches to decision making in the presence of global anomalies and the economic implications for individual and collective preparedness will be investigated.

General Deterrence, Audit Uncertainty and Environmental Regulation

The efficacy of many government regulations, especially environmental policies, depends largely on the voluntary compliance of subjects. Monitoring of subjects and enforcement of the law acts to induce compliance; however, it is often too costly to employ subjects. Monitoring of subjects and enforcement of the law acts to induce compliance; however, it is often too costly to employ the resources required to induce perfect compliance.

Private and Public Strategies and the Performance of Food Markets Along the Supply Chain

A key aspect of food markets are their vertical structures: products move along supply chains from manufacturers (or farmers) to wholesalers to retailers or food service operators to consumers. Interactions among firms in these chains give rise to a variety of economic issues that are no less important than those studied in horizontal interaction (i.e. firms competing for the same end consumer), yet previous work has tended to focus on the latter.

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