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Martin D. Smith, Associate Professor of School of the Environment and Economics

Contact Info:
Office Location:  A122 Levine Science Research Center
Office Phone:  (919) 613-8028
Email Address: send me a message
Web Page:  http://www.nicholas.duke.edu/people/faculty/smith.html

Teaching (Fall 2012):

  • ENVIRON 834S.01, ENVIRONMENTAL SOC SCI RSRCH Synopsis
    LSRC A109, Th 12:00 PM-12:50 PM
Education:

PhDUniversity of California, Davis2001
BAStanford University1992
Specialties:

Public Finance
Research Interests: natural resource economics

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

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.

Areas of Interest:

bioeconomics
fisheries
behavioral economics
discrete choice econometrics
spatial modeling and econometrics

Curriculum Vitae
Working Papers   (More Publications)

  1. Asche, F. and M.D. Smith, Trade and Fisheries: Key Issues for the World Trade Organization (2009) (Technical Report Commissioned by the WTO, 61 pp..)
Representative Publications   (More Publications)   (search)

  1. J. Zhang and M.D. Smith, Estimation of a Generalized Fishery Model: A Two-Stage Approach, The Review of Economics and Statistics, vol. 93 no. 2 (2011), pp. 690-99 [REST_a_00075]
  2. J.M. Conrad, M.D. Smith, Non-spatial and spatial models in bioeconomics, Natural Resource Modeling (Accepted, 2011)
  3. M.D. Smith, Review of Fisheries Management: Pandemic Failure and Workable Solutions (by Giulio Pontecorvo and William Schrank., Emerald Group Publishing, Bingley UK 2009), International Journal of Maritime History, vol. 22 (2010), pp. 351-52,
  4. Huang, L. and M.D. Smith, The Dynamic Efficiency Costs of Common-pool Resource Exploitation (Submitted, 2010)
  5. Asche, F. and M.D. Smith, Trade and Fisheries: Key Issues for the World Trade Organization (2009) (Technical Report Commissioned by the WTO, 61 pp..)
  6. 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
  7. L. Huang, L..A.B. Nichols, J.K. Craig, M.D. Smith, Measuring Welfare Losses from Hypoxia: The Case of North Carolina Brown Shrimp, Marine Resource Economics (Accepted, 2012)
  8. M.D. Smith, The New Fisheries Economics: Incentives Across Many Margins (Submitted, 2012)
  9. Gopalakrishnan, S., M.D. Smith, J.M. Slott, and A.B. Murray, The Value of Disappearing Beaches: A Hedonic Model with Endogenous Beach Width, Journal of Environmental Economics and Management, vol. 61 no. 3 (2011), pp. 297-310 [S0095069610001221]
  10. M.D. Smith, Review of Climate Change and the Economics of the World’s Fisheries: Examples of Small Pelagic Stocks (Edited by Rögnvaldur Hannesson, Manuael Barange, and Samuel F. Herrick Jr., Northhampton, MA: Edward Elgar, 2006), International Journal of Maritime History (2007) (19:476-78.)
  11. Tveterås, S., F. Asche, M.F. Bellemare, M.D. Smith, A.G. Guttormsen, A. Lem, K. Lien, A. Oglend, K.H. Roll, R. Tveteras, D. Valderrama, S. Vannuccini, Fish Is Food - The FAO Fish Price Index (Submitted, 2012)
  12. A.B. Murray, S. Gopalakrishnan, D. McNamara, M.D. Smith, Progress in Coupling Models of Human and Coastal Landscape Change, Computers & Geosciences (Accepted, 2011)
  13. M.D. Smith and S. Gopalakrishnan, Prices and Quantities to Control Overfishing (Submitted, 2011)
  14. D.E. McNamara, A.B. Murray, M.D. Smith, Coastal sustainability depends on how economic and coastline responses to climate change affect each other, Geophysical Research Letters, vol. 38 no. L07401 (2011), pp. 1-5
  15. 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
  16. F. Asche, L.S. Bennear, A. Oglend, M.D. Smith, U.S. Shrimp Market Integration, Marine Resource Economics (Accepted, 2012)
  17. Huang, L., M.D. Smith, Management of an Annual Fishery in the Presence of Ecological Stress: The Case of Shrimp and Hypoxia, Ecological Economics, vol. 70 (2011), pp. 688-697
  18. J. Zhang and M.D. Smith, Heterogeneous Response to Marine Reserve Formation: A Sorting Model Approach, Environ & Resource Econ, vol. 49 no. 3 (2011), pp. 311-25 [00009434]
  19. Smith, M.D. and L.B. Crowder, Valuing Ecosystem Services with Fishery Rents: A Lumped-Parameter Approach to Hypoxia in the Neuse River Estuary, Sustainability, vol. 3 no. 11 (2011), pp. 2229-2267 [pdf]
  20. Lazarus, E. D., D. E. McNamara, M. D. Smith, S. Gopalakrishnan, A. B. Murray, Emergent behavior in a coupled economic and coastline model for beach nourishment, Nonlinear Processes in Geophysics, vol. 18 (2011), pp. 989-999
  21. M.D. Smith, F. Asche, A.G. Guttormsen, J.B. Wiener, Genetically Modified Salmon and Full Impact Assessment, Science, vol. 330 (November, 2010), pp. 1052-53 [1052]
  22. M.D. Smith, C.A. Roheim, L.B. Crowder, B.S. Halpern, M. Turnipseed, J.L. Anderson, F. Asche., L. Bourillón, A.G. Guttormsen, A. Khan, L.A. Liguori, A. McNevin, M.I. O’Connor, D. Squires, P. Tyedmers, C. Brownstein, K. Carden, D.H. Klinger, R. Sagarin, and K.A. Selkoe, Sustainability and Global Seafood, Science, vol. 327 (February 12, 2010), pp. 784-786 [784]
  23. M.D. Smith, J. Lynham, J.N. Sanchirico, and J. Wilson, The Political Economy of Marine Reserves: Understanding the Role of Opportunity Costs, PNAS, vol. 107 no. 43 (2010), pp. 18300-18305
  24. M.D. Smith, Toward an Econometric Foundation for Marine Ecosystem-based Management, Bulletin of Marine Science, vol. 86 no. 2 (2010), pp. 461–477
  25. L. Huang, M.D. Smith, and J.K. Craig, Quantifying the Economic Effects of Hypoxia on a Fishery for Brown Shrimp, Farfantepenaeus aztecus, Marine and Coastal Fisheries: Dynamics, Management, and Ecosystem Science, vol. 2 (2010), pp. 232–248 [1]
  26. M.D.Smith, J.N. Sanchirico, and J.E. Wilen, The Economics of Spatial-Dynamic Processes: Applications to Renewable Resources, Journal of Environmental Economics and Management, vol. 57 (2009), pp. 104-12 [001]
  27. M.D. Smith,D. McNamara, J.M. Slott, and A.B. Murray, Beach Nourishment as a Dynamic Capital Accumulation Problem, Journal of Environmental Economics and Management, vol. 58 (2009), pp. 58-71
  28. Sanchirico, J.N. and M.D. Smith, and D.W. Lipton, An empirical approach to ecosystem-based fishery management, Ecological Economics (2008) [pdf]
  29. M.D. Smith, J. Zhang, and F.C. Coleman, Econometric Modeling of Fisheries with Complex Life Histories: Avoiding Biological Management Failures, Journal of Environmental Economics and Management, vol. 55 (2008), pp. 265-280 [003]
  30. J.M. Slott, M.D. Smith, and A.B. Murray, Synergies Between Adjacent Beach-Nourishing Communities in a Morpho-economic Coupled Coastline Model, Coastal Management, vol. 36 (2008), pp. 374-91
  31. M.D. Smith, Bioeconometrics: Empirical Modeling of Bioeconomic Systems, Marine Resource Economics, vol. 23 (2008), pp. 1-23
  32. C. Liese, 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]
  33. 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]
  34. M.D. Smith, J. Zhang, and F.C. Coleman, Structural Modeling of Marine Reserves with Bayesian Estimation, Marine Resource Economics, vol. 22 no. 131-46 (2007) [pdf]
  35. 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]
  36. 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]
  37. 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]

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