Research Interests for Martin D. Smith

Professor Smith earned his PhD in Agricultural and Resource Economics from the University of California at Davis and joined the Duke faculty in 2001. He is an associate editor of Marine Resource Economics. His research focuses on spatial issues in natural resource use and management with a particular emphasis on the economics of marine resources. Combining econometric analysis of individual resource use decisions with bioeconomic modeling, he strives to understand human impacts on the resource base and the dynamics of these coupled human-natural systems.

Current projects:

evaluating the economic impacts of marine reserves for fisheries management

analyzing behavioral heterogeneity and dynamic decision-making of individual commercial fishermen

using portfolio theory to guide ecosystem-based management of fisheries

estimating the costs of estuarine pollution with a bioeconomic predator-prey model

empirical modeling of beach nourishment decisions and the dynamics of coastline change

Areas of Interest:

bioeconomics
fisheries
behavioral economics
discrete choice econometrics
spatial modeling and econometrics

Representative Publications   (search)

1. Sanchirico, J.N. and M.D. Smith, and D.W. Lipton, Managing Fish Portfolios, Resources (Winter, 2007) [pdf]
2. Smith, M.D., J. Zhang, and F.C. Coleman, Structural Modeling of Marine Reserves with Bayesian Estimation, Marine Resource Economics (Accepted, 2007) (forthcoming.) [pdf]
3. Smith, M.D., J.M. Slott, and A.B. Murray, Beach Nourishment as a Dynamic Capital Accumulation Problem (2007) [pdf]
4. M.D. Smith, Review of The Economics of Conserving Wildlife and Natural Areas (by C. Tisdell),, Australian Journal of Agricultural and Resource Economics, vol. 47 no. 3 (2003), pp. 418-420
5. K. Klonsky & M.D. Smith, Entry and Exit in California’s Organic Farming Sector, in Economics of Pesticides, Sustainable Food Production and Organic Food Markets, Advances in the Economics of Environmental Resources, edited by D.C. Hall & L.J. Moffitt, vol. 4 (2002), New York: Elsevier Science
6. Liese, C., M.D. Smith, and R.A. Kramer, Open Access in a Spatially Delineated Artisanal Fishery: The Case of Minahasa, Indonesia, Environment and Development Economics, vol. 12 no. 1 (February, 2007), pp. 123-143 [pdf]
7. Sanchirico, J.N. and M.D. Smith, and D.W. Lipton, An empirical approach to ecosystem-based fishery management, Ecological Economics (Accepted, 2007) (forthcoming.) [pdf]
8. J. Zhang and Smith, M.D., Bias Correction in an Empirical Fishery Model: A Two-Stage Approach (2007) [pdf]
9. M.D. Smith, Generating Value in Habitat-dependent Fisheries: The Importance of Fishery Management Institutions, Land Economics, vol. 83 no. 1 (February, 2007), pp. 59-73 [pdf]
10. Smith, M.D., J. Zhang, and F.C. Coleman, Structural Econometric Modeling of Fisheries with Complex Life Histories: Avoiding Biological Management Failures (2007) [pdf]
11. Smith, M.D., J. Zhang, and F.C. Coleman, Effectiveness of Marine Reserves for Large-Scale Fisheries Management, Canadian Journal of Fisheries and Aquatic Sciences, vol. 63 (2006), pp. 153-164 [pdf]
12. M.D. Smith, Bioeconometrics: Empirical Modeling of Bioeconomic Systems (2006) [pdf]
13. Smith, M.D., J.N. Sanchirico, and J.E. Wilen, The Economics of Spatial-Dynamic Processes: Applications to Renewable Resources (2006) [pdf]
14. M.D. Smith & J.E. Wilen, Correlated Risk Preferences and Behavior of Commercial Fishermen: The Perfect Storm/Dilemma, The Journal of Risk and Uncertainty, vol. 31 no. 1 (2005), pp. 53-71 [pdf]
15. Smith, M.D. and L.B. Crowder, Valuing Ecosystem Services with Fishery Rents: A Lumped-Parameter Approach to Hypoxia in the Neuse River Estuary, Fondacione Eni Enrico Mattei, Nota Di Lavoro, vol. 115 no. 2005 (September, 2005) [pdf]
16. M.D. Smith, State Dependence and Heterogeneity in Fishing Location Choice, Journal of Environmental Economics and Management, vol. 50 no. 2 (2005), pp. 319-340 [pdf]
17. K.A. Saterson, N.L. Christensen, R.B. Jackson, R.A. Kramer, S.L. Pimm, M.D. Smith & J.B. Wiener, Disconnects in Evaluating the Relative Effectiveness of Conservation Strategies, Conservation Biology, vol. 18 no. 3 (June, 2004), pp. 1-3 (Editorial.)
18. M.D. Smith, Limited Entry Licensing: Insights from a Duration Model, American Journal of Agricultural Economics, vol. 86 no. 3 (2004), pp. 605-618 [pdf]
19. M.D. Smith, Fishing Yield, Curvature, and Spatial Behavior: Implications for Modeling Marine Reserves, Natural Resource Modeling, vol. 17 no. 3 (2004), pp. 273-298 [pdf]
20. M.D. Smith & J.E. Wilen, Marine Reserves with Endogenous Ports: Empirical Bioeconomics of the California Sea Urchin Fishery, Marine Resource Economics, vol. 19 no. 1 (2004), pp. 85-112 [pdf]