How the strength of property rights to individual extractive firms affects a regulator’s choice over exploitation rates for a natural resource
Christopher Costello is a Professor of Environmental and Resource Economics at the Bren School of Environmental Science & Management at the University of California, Santa Barbara, a Research Associate at the National Bureau of Economic Research, and is on the Board of Trustees at the Environmental Defense Fund. He is also a co-founder and Research Director of the Sustainable FisheriesGroup and the 2016 recipient of the Peter Benchley Ocean Award for Excellence in Solutions. Costello’s research concerns natural resource management and property rights under uncertainty on topicsincluding fisheries management, biological diversity, introduced species, regulation of polluting industries, and marine policy. He has served on the editorial board of numerous journals and his research is regularly published in top publications including Science, the Journal of Environmental Economics and Management, the American Journal of Agricultural Economics, the Journal of Law and Economics, and the Journal of Regulatory Economics.
Costello has visited PERC as Lone Mountain Fellow (2008, 2010, and 2016) and has participated in workshops relating to fisheries management. He is widely revered as a leader in fisheries management and marine policy, and his expertise will deepen PERC’s work in market-based solutions to marine challenges.