A Monetary Misunderstanding: \u3cem\u3eSmith v. Gilmore\u3c/em\u3e and Baltimore\u27s Place in Turn of the 19th Century Globalization

As the young United States entered the 19th century, the City of Baltimore had become a major center of America’s international commerce. Baltimore had quickly risen from a relatively small town on the Chesapeake Bay to the home of the country\u27s third busiest trading port and one of its fastest growing cities in less than two decades. The case of Smith v. Gilmor (M.D. 1816), a lawsuit between two prominent Baltimore merchants, was emblematic of the early days of globalization and the confusion this clash of cultures caused in the world of international trade. The controversy in this case is placed over the backdrop of how the merchants and sailors of Baltimore helped to expand America’s economic influence across the globe during the early years of the nation despite the overwhelming power of the old European trading monopolies

Investing in Our Future: The Economic Case for Rebuilding Mid-Atlantic Fish Populations

Estimates the potential direct economic benefits of rebuilding depleted fish populations in the mid-Atlantic by comparing status quo management scenarios with scenarios in which four fish populations would have been rebuilt by 2007

Automatic Parking Application

The purpose of this utility application is to automatically remind the users where their vehicle is parked. Using many sensors and features of the Apple iPhone, we can track changes in users’ behaviors and their surrounding such as air pressure, physical movement, connection proximity, and coordinate position. These allow for detecting not just the parking position, but also altitude and interior approximation within parking structures. Using a periodic assessment loop, this application silently waits for changes, remaining out of sight of common user activity. During an assessment, nearby connections, user position, and activity readings are evaluated. If a significant event, such as getting in a car or driving into a known parking location occurs, relevant methods are initiated, allowing for greater accuracy and ultimately a better user experience. Anyone who drives knows the struggle of searching for a parking spot for their vehicle. Finding the location of your parked car could even be more stressful. You may end up with walking up and down the stairs of a parking garage, wandering through a shopping center lot, or walking several blocks in the street only to remember the location of your car. Even once the car is located, it may be covered in tickets or impounded because of parking regulations. This scenario is especially true when users find themselves in a new city or in an unfamiliar part of the town. This application offers solutions to all of the cases mentioned above. An overview map displays nearby locations. Parking meters can be started to estimate fees and trigger alerts when time is low. When hunting for the tracked vehicle, directions can be requested through the application. Currently this application demonstrates the algorithms necessary to track a user’s vehicle through Bluetooth or Wi-Fi connection proximity. Utilizing Apple’s monitored regions, locations of interest allow for significant awareness by waking the application and performing relevant readings. Indoor position is determined using altitude readings, position plots, and headings with known location schematics. Users can save their personal locations and access features such as the building rendering, parking meter, and guided directions. A possible industry implementation of this application is the monitoring of businesses’ lots, allowing parking demand prediction along with restricting availability.https://scholarscompass.vcu.edu/capstone/1174/thumbnail.jp

Book reviews

Teaching/Communication/Extension/Profession,

Virtual Population Units: A New Institutional Approach to Fisheries Management

This paper describes an alternative, rights-based approach to the economic problems of fisheries management and governance. The approach is based on the concept of a Virtual Population (VP), which provides an alternative way to define use rights in a fishery management system. Included is a comparison of harvest rates under the VP regime, “sole-owner,†and open-access regimes. In comparison, a VP solution is more efficient than open access and can approach that of a sole owner. More importantly, in our opinion, the approach contains a higher degree of local control over issues such as concentration of ownership and, unlike some community-based systems, provides an explicit, decentralized incentive for conservation. It also contains a built-in incentive mechanism for end-of-year conservation that is absent from individual transferable quotas (ITQs).Virtual populations, virtual population units, ITQs, marginal valuation, Resource /Energy Economics and Policy, Q220, Q590, C720, D830,

Economic Benefits of American Lobster Fishery Management Regulations

A simulation model is used to compare measures for future management identified in the American lobster fishery management plan; specifically, increases in the minimum legal size and a modest reduction in aggregate fishing mortality are evaluated. The analysis differs from previous work in that the distributional aspects of the alternative management regulations are quantified. The results indicate that (1) both an increased minimum size and a reduction in fishing mortality are economically justified in the sense that net benefits are positive; (2) increasing the minimum size without an adjunct regulation to prohibit entry will cause present fishermen to suffer an initial short-term reduction in revenues for which there will be no long-term gain; (3) because increased minimum size can be justified on the basis of consumer benefits alone, arguments favoring its increase to prevent recruitment failure are moot as far as a test of national economic efficiency is concerned; and (4) a program of effort reduction which reduces by 20% the fraction of available lobsters captured annually is projected to generate SI of producer benefits for every pound of lobster landed. Reducing the annual harvest fraction by 20% results in a level of fishery benefits greater than increasing the minimum size to 89 mm (3^-in.), and increases the coincidence of short-run costs and long-term benefits among those impacted by fishery management.Environmental Economics and Policy, Resource /Energy Economics and Policy,

On guard against Browderism, Titoism, Trotskyism

https://stars.library.ucf.edu/prism/1546/thumbnail.jp