Disciplines 101 Seminar #3
“Natural Resource Economics and Coastal Resources”
Martin D. Smith (Duke University)
“Economics of Coastal Real Estate Markets”
Sathya Gopalakrishnan (The Ohio State University)
This session introduced concepts in environmental and resource economics to (1) address central questions in managing coastal resources as natural capital that depend on feedbacks between human decisions and geophysical processes, and (2) the role of housing markets in reflecting the value (cost) of coastal amenities (risks) in response to the changing environment.
Suggested Reading
- Huang, Ling, and Martin D. Smith. “The dynamic efficiency costs of common-pool resource exploitation.” American Economic Review 104, no. 12 (2014): 4071-4103.
- Smith, Martin D., Jordan M. Slott, Dylan McNamara, and A. Brad Murray. “Beach nourishment as a dynamic capital accumulation problem.” Journal of Environmental Economics and Management 58, no. 1 (2009): 58-71.
- Asche, Frank, and Martin D. Smith. “Induced innovation in fisheries and aquaculture.” Food Policy 76 (2018): 1-7.
- Birkenbach, Anna M., David J. Kaczan, and Martin D. Smith. “Catch shares slow the race to fish.” Nature 544, no. 7649 (2017): 223-226.
- Gopalakrishnan, Sathya, Dylan McNamara, Martin D. Smith, and A. Brad Murray. “Decentralized management hinders coastal climate adaptation: the spatial-dynamics of beach nourishment.“ Environmental and Resource Economics 67, no. 4 (2017): 761-787.
