DERIVING SPECIES-SPECIFIC BENEFITS MEASURES FOR EXPECTED CATCH IMPROVEMENTS IN A RANDOM UTILITY FRAMEWORK

A random utility model of site choice is applied to marine recreational fishing trips in North Carolina. Expectations of catch rates of different species groups are estimated using a Poisson specification. A likelihood ratio test is employed to separate the expected catch of red drum (Scianops ocellatus) from a larger species group. Per trip measures of compensating variation are measured for two alternative specifications of an improvement in red drum catch, and the catch of other species groups. Willingness-to-pay measures are reported by fishing mode according to target species. Anglers targeting a particular species have higher willingness-to-pay than anglers targeting a different species, and anglers with any target have higher willingness-to-pay than anglers with no target.Resource /Energy Economics and Policy,

THE VALUE OF INCREASING THE LENGTH OF DEER SEASON IN OHIO

Growing deer populations are controlled through changes in hunting regulations including changes in both hunter bag limits and season length. Such action results in direct benefits to hunters and indirect benefits to motorists and the agricultural sector as a lower deer population leads to fewer incidences of human-deer encounters. Traditional recreation demand models are often employed to examine the welfare implications of changes in daily hunting bag limits. Studies measuring the effects of changes in season length, however, are noticeably absent from the literature. This study uses a nested random utility model to examine hunter choice over site and season selection to derive the welfare implications of changes in season length.random utility models, recreation, Resource /Energy Economics and Policy,

A DYNAMIC EXERCISE IN REDUCING DEER-VEHICLE COLLISIONS: MANAGEMENT THROUGH VEHICLE MITIGATION TECHNIQUES AND HUNTING

The costs of deer-vehicle collisions (DVCs) nationwide are estimated to be in excess of $1 billion annually. In this study, factors contributing to the abundance of DVCs are identified and the potential effectiveness of various deer management strategies in reducing DVCs is investigated. The added benefits of such strategies are also evaluated in a bioeconomic context by comparing alternative outcomes achievable from implementing DVC mitigation techniques. Focusing on Ohio, results suggest potentially large economic gains exist from reducing DVCs, especially with strategies that combine both deer management schemes and DVC mitigation techniques.Resource /Energy Economics and Policy,

Home-buyer Sentiment and Hurricane Landfalls

The researchers looked at how hurricanes impact real estate markets and home-buyer sentiment. Sentiment is related to the perception of risk by investors in the securities markets, but is not quantifiable, so the researchers looked at developing proxies. They used three proxies to determine the most meaningful one, which included the spread between listing and selling prices, the average days of a house on the market, and the number of single-family houses sold per month. They looked at homeowner sentiment from 1995 to 2002 in the Cape Fear region and the impact of Hurricanes Fran, Bonnie, and Floyd on the market. When they looked at the prices and days on the market, they found that after Bonnie there was not a difference in sentiment. Then after Fran there was some difference. Then after Floyd, more difference. The proxy impacted most was the days a home was on the market. The researchers concluded that the market suffers after successive hurricane landfalls, but that sentiment recovers a year or more after the hurricane

Trade-offs between physical risk and economic reward affect fishers’ vulnerability to changing storminess

Climate change-driven alterations in storm frequency and intensity threaten the wellbeing of billions of people who depend on fisheries for food security and livelihoods. Weather conditions shape vulnerability to both loss of life and reduced fishing opportunities through their influence on fishers' daily participation decisions. The trade-off between physical risk at sea and the economic rewards of continued fishing under adverse weather conditions is a critical component of fishers’ trip decisions but is poorly understood. We employed a stated choice experiment with skippers from a temperate mixed-species fishery in southwest England to empirically assess how fishers trade off the risks from greater wind speed and wave height with the benefits of expected catch and prices. Technical fishing and socio-economic data were collected for individual fishers to identify the factors influencing trade-off decisions. Fishers preferred increased wind speed and wave height up to a threshold, after which they became increasingly averse to worsening conditions. Fishing gear, vessel length, presence of crew, vessel ownership, age, recent fishing success and reliance on fishing income all influenced the skippers’ decisions to go to sea. This study provides a first insight into the socio-economic, environmental, and technical fishing factors that can influence the sensitivity of individual fishers to changing storminess. These insights can help to inform fisheries climate vulnerability assessments and the development of adaptation measures

Post-stroke inhibition of induced NADPH oxidase type 4 prevents oxidative stress and neurodegeneration

Ischemic stroke is the second leading cause of death worldwide. Only one moderately effective therapy exists, albeit with contraindications that exclude 90% of the patients. This medical need contrasts with a high failure rate of more than 1,000 pre-clinical drug candidates for stroke therapies. Thus, there is a need for translatable mechanisms of neuroprotection and more rigid thresholds of relevance in pre-clinical stroke models. One such candidate mechanism is oxidative stress. However, antioxidant approaches have failed in clinical trials, and the significant sources of oxidative stress in stroke are unknown. We here identify NADPH oxidase type 4 (NOX4) as a major source of oxidative stress and an effective therapeutic target in acute stroke. Upon ischemia, NOX4 was induced in human and mouse brain. Mice deficient in NOX4 (Nox4(-/-)) of either sex, but not those deficient for NOX1 or NOX2, were largely protected from oxidative stress, blood-brain-barrier leakage, and neuronal apoptosis, after both transient and permanent cerebral ischemia. This effect was independent of age, as elderly mice were equally protected. Restoration of oxidative stress reversed the stroke-protective phenotype in Nox4(-/-) mice. Application of the only validated low-molecular-weight pharmacological NADPH oxidase inhibitor, VAS2870, several hours after ischemia was as protective as deleting NOX4. The extent of neuroprotection was exceptional, resulting in significantly improved long-term neurological functions and reduced mortality. NOX4 therefore represents a major source of oxidative stress and novel class of drug target for stroke therapy