Martin D. Smith

Martin D. Smith

Professor in the Department of Economics

External Address: 
9 Circuit Drive, Grainger Hall 4116, Durham, NC 27708
Internal Office Address: 
Box 90328, Durham, NC 27708-0328
(919) 613-8028

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.


  • Ph.D., University of California at Davis 2001
  • B.A., Stanford University 1992

Asche, F, Garlock, TM, Anderson, JL, Bush, SR, Smith, MD, Anderson, CM, Chu, J, Garrett, KA, Lem, A, Lorenzen, K, Oglend, A, Tveteras, S, and Vannuccini, S. "Three pillars of sustainability in fisheries." Proceedings of the National Academy of Sciences of the United States of America 115, no. 44 (October 2018): 11221-11225. Full Text

Ferraro, PJ, Sanchirico, JN, and Smith, MD. "Causal inference in coupled human and natural systems." Proceedings of the National Academy of Sciences of the United States of America (August 20, 2018). Full Text

Abbott, JK, Sanchirico, JN, and Smith, MD. "Common Property Resources and the Dynamics of Overexploitation: The Case of the North Pacific Fur Seal—A 42-Year Legacy." Marine Resource Economics 33, no. 3 (July 2018): 209-212. Full Text

Asche, F, and Smith, MD. "Viewpoint: Induced Innovation in Fisheries and Aquaculture." Food Policy 76 (April 2018): 1-7. Full Text

Gopalakrishnan, S, Landry, CE, and Smith, MD. "Climate change adaptation in coastal environments: Modeling challenges for resource and environmental economists." Review of Environmental Economics and Policy 12, no. 1 (February 1, 2018): 48-68. Full Text

Miteva, DA, Kramer, RA, Brown, ZS, and Smith, MD. "Spatial Patterns of Market Participation and Resource Extraction: Fuelwood Collection in Northern Uganda." American Journal of Agricultural Economics 99, no. 4 (July 2017): 1008-1026. Full Text

Birkenbach, AM, Kaczan, DJ, and Smith, MD. "Catch shares slow the race to fish." Nature 544, no. 7649 (April 5, 2017): 223-226. Full Text

Fischer, C, Guttormsen, AG, and Smith, MD. "Disease Risk and Market Structure in Salmon Aquaculture." Water Economics and Policy 03, no. 02 (April 2017): 1650015-1650015. Full Text Open Access Copy

Smith, MD. "Editorial: The Breadth of Ocean and Coastal Economics." Marine Resource Economics 32, no. 2 (April 2017): 119-121. Full Text

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. Full Text Open Access Copy


Smith, MD. "American Catch: The Fight for Our Local Seafood. By Paul Greenberg." Marine Resource Economics 31, no. 1 (January 1, 2016): 117-119. Full Text

Smith, MD, Asche, F, and Roheim, C. "Markets, Trade and Seafood." In Encyclopedia of Natural Resources - Two-Volume Set (Print),edited by Y Wang, 791-797. CRC Press, July 23, 2014. (Chapter) Open Access Copy

Smith, MD. "Open access and the fishery." In Environmental and Natural Resource Economics: An Encyclopedia. ABC-CLIO, March 28, 2014. (Chapter)

Smith, MD. "Managing Our Nations Fisheries 3: Advancing Sustainability."edited by J Gilden. 2014. (Essay)

Roebeling, PC, Bohnet, I, Smith, M, Westcott, D, Kroon, F, Hartcher, M, Hodgen, M, and Vleeshouwer, J. "Landscapes toolkit for triple-bottom-line assessment of land use scenarios in Great Barrier Reef catchments." December 1, 2005.

Bennear, LS, Smith, and MD, . "Success or Selection: An Economic Perspective on Fisheries Co-Management." Working Papers on the Web. (Editorial Comment)

Selected Grants

CNH-L: Climate Change Adaptation in a Coupled Geomorphic-Economic Coastal System with Heterogeneous Climate Beliefs awarded by University of North Carolina - Wilmington (Principal Investigator). 2017 to 2021

Structural Modeling of Transitions to Catch Shares awarded by North Carolina State University (Principal Investigator). 2016 to 2019

Revenue Impacts of Policy Reform: A Comparative Analysis of U.S. Catch Share Fisheries awarded by ECS Federal, Inc. (Principal Investigator). 2015 to 2016

CATCH: Market-oriented and sustainable value chains for cod products based on live storage awarded by International Research Institute of Stavanger (Principal Investigator). 2015

Modelling Fishery Landings Locations and Product Forms awarded by International Research Institute of Stavanger (Principal Investigator). 2013 to 2015

Do Catch Shares Increase Ex-vessel Prices in U.S. Fisheries? awarded by NC Sea Grant (Principal Investigator). 2014 to 2015

Measuring the Effects of Hypoxia on the Gulf of Mexico Shrimp Fishery awarded by National Oceanic and Atmospheric Administration (Principal Investigator). 2009 to 2014

ESE Collaborative Research: Modeling New Behaviors awarded by National Science Foundation (Co-Principal Investigator). 2010 to 2014

Coupling Human and Natural Influences on Coastline Evolution as Climate Changes awarded by National Science Foundation (Co-Principal Investigator). 2005 to 2011