Martin D. Smith
Martin D. Smith
George M. Woodwell Distinguished Professor of Environmental Economics
Smith studies the economics of the oceans, including fisheries, marine ecosystems, seafood markets, and coastal climate adaptation. He has written on a range of policy-relevant topics, including economics of marine reserves, seasonal closures in fisheries, ecosystem-based management, catch shares, nutrient pollution, aquaculture, genetically modified foods, the global seafood trade, organic agriculture, coastal property markets, and coastal responses to climate change. He is best known for identifying unintended consequences of marine and coastal policies that ignore human behavioral feedbacks. Smith’s methodological interests span micro-econometrics, optimal control theory, time series analysis, and numerical modeling of coupled human-natural systems. Smith’s published work appears in The American Economic Review, Nature, Science, Proceedings of the National Academy of Sciences, Journal of Environmental Economics and Management, the Review of Economics and Statistics, and a number of other scholarly journals that span environmental economics, fisheries science, marine policy, ecology, and the geo-sciences. Smith has received national and international awards, including the Quality of Research Discovery from the Agricultural and Applied Economics Association, Outstanding Article in Marine Resource Economics, and an Aldo Leopold Leadership Fellowship. His research has been funded by the National Science Foundation, the National Oceanic and Atmospheric Administration, the National Center for Ecological Analysis and Synthesis, and the Research Council of Norway. Smith has served as Editor-in-Chief of the journal Marine Resource Economics, Co-Editor of the Journal of the Association of Environmental and Resource Economists, and Co-Editor of the Journal of Environmental Economics and Management. He served as a member of the Scientific and Statistical Committee of the Mid-Atlantic Fishery Management Council and currently serves on the Ocean Studies Board of the National Academies.
In The News
Birkenbach, AM, Kaczan, DJ, and Smith, MD. "Catch shares slow the race to fish." Nature 544, no. 7649 (April 5, 2017): 223-226.
Smith, MD. "Editorial: The Breadth of Ocean and Coastal Economics." Marine Resource Economics 32, no. 2 (April 2017): 119-121.
Smith, MD, Oglend, A, Kirkpatrick, AJ, Asche, F, Bennear, LS, Craig, JK, and Nance, JM. "Seafood prices reveal impacts of a major ecological disturbance." Proceedings of the National Academy of Sciences of the United States of America 114, no. 7 (February 2017): 1512-1517.
Cunningham, S, Bennear, LS, and Smith, MD. "Spillovers in Regional Fisheries Management: Do Catch Shares Cause Leakage?." Land Economics 92, no. 2 (May 1, 2016): 344-362.
Huang, L, and Smith, MD. "The Dynamic Efficiency Costs of Common-Pool Resource Exploitation." American Economic Review 104, no. 12 (December 2014): 4071-4103.
Smith, MD. "Fauna in decline: management risks." Science (New York, N.Y.) 346, no. 6211 (November 13, 2014): 819-null. (Letter)
Smith, MD. "The New Fisheries Economics: Incentives Across Many Margins." Annual Review of Resource Economics 4, no. 1 (August 2012): 379-402.
Zhang, J, and Smith, MD. "Estimation of a Generalized Fishery Model: A Two-Stage Approach." Review of Economics and Statistics 93, no. 2 (May 2011): 690-699.
Smith, MD, Asche, F, Guttormsen, AG, and Wiener, JB. "Food safety. Genetically modified salmon and full impact assessment." Science 330, no. 6007 (November 19, 2010): 1052-1053.
Smith, MD, Lynham, J, Sanchirico, JN, and Wilson, JA. "Political economy of marine reserves: understanding the role of opportunity costs." Proceedings of the National Academy of Sciences of the United States of America 107, no. 43 (October 2010): 18300-18305.
Smith, MD, Slott, JM, McNamara, D, and Brad Murray, A. "Beach nourishment as a dynamic capital accumulation problem." Journal of Environmental Economics and Management 58, no. 1 (July 2009): 58-71.
Smith, MD, Sanchirico, JN, and Wilen, JE. "The economics of spatial-dynamic processes: Applications to renewable resources." Journal of Environmental Economics and Management 57, no. 1 (January 2009): 104-121.