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Fishery Regulation And New England's Local Economies: Preliminary Evidence From A Natural Experiment, Spencer Fleury Ph.D.
Fishery Regulation And New England's Local Economies: Preliminary Evidence From A Natural Experiment, Spencer Fleury Ph.D.
Spencer Fleury Ph.D.
This paper examines the economic impacts of Amendment Five and Amendment Seven to the Northeast Multispecies Groundfish Management Plan on the economies of coastal cities and towns in southern New England, using a difference-in-differences OLS regression model and a Probit model. The potential existence of city-level economic impacts on fishing-related employment, average wages paid, median home values, and the unemployment rate was examined, with the object of providing guidance for policymakers involved in developing fisheries regulations. The results do not support the hypothesis that these regulations had a significant adverse effect on southern New England‘s coastal economies.
Are Home Values Affected By Sinkhole Proximity? Results Of A Hedonic Price Model, Spencer Fleury Ph.D.
Are Home Values Affected By Sinkhole Proximity? Results Of A Hedonic Price Model, Spencer Fleury Ph.D.
Spencer Fleury Ph.D.
Though they lack the high profile and sheer destructive force of hurricanes, floods, and other natural hazards, sinkholes have on occasion generated significant damage to buildings, roads, and other human-built structures, and should be considered natural hazards in their own right. In sinkhole-prone areas where market insurance against sinkhole damage is available, economic theory suggests that homes located there should be valued somewhat lower than homes located in areas where sinkholes are rare or nonexistent, in recognition of both the risk faced by the homeowner in a sinkhole-prone area, and the cost of insuring one’s property against that risk. Working …