Martin D. Smith
Professor in the Department of 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.
- Ph.D., University of California at Davis 2001
- B.A., Stanford University 1992
Garlock, T., F. Asche, J. Anderson, T. Bjørndal, G. Kumar, K. Lorenzen, A. Ropicki, M. D. Smith, and R. Tveterås. “A Global Blue Revolution: Aquaculture Growth Across Regions, Species, and Countries.” Reviews in Fisheries Science and Aquaculture 28, no. 1 (January 2, 2020): 107–16. https://doi.org/10.1080/23308249.2019.1678111. Full Text
Smith, Martin D. “Subsidies, efficiency, and fairness in fisheries policy.” Science (New York, N.Y.) 364, no. 6435 (April 2019): 34–35. https://doi.org/10.1126/science.aaw4087. Full Text
Ferraro, Paul J., James N. Sanchirico, and Martin D. Smith. “Causal inference in coupled human and natural systems.” Proceedings of the National Academy of Sciences of the United States of America 116, no. 12 (March 2019): 5311–18. https://doi.org/10.1073/pnas.1805563115. Full Text
Birkenbach, A. M., M. D. Smith, and S. Stefanski. “Feature-Taking Stock of Catch Shares: Lessons from the Past and Directions for the Future.” Review of Environmental Economics and Policy 13, no. 1 (February 1, 2019): 130–39. https://doi.org/10.1093/reep/rey016. Full Text
Mullin, M., M. D. Smith, and D. E. McNamara. “Paying to save the beach: effects of local finance decisions on coastal management.” Climatic Change 152, no. 2 (January 30, 2019): 275–89. https://doi.org/10.1007/s10584-018-2191-5. Full Text
Asche, Frank, Taryn M. Garlock, James L. Anderson, Simon R. Bush, Martin D. Smith, Christopher M. Anderson, Jingjie Chu, et al. “Three pillars of sustainability in fisheries.” Proceedings of the National Academy of Sciences of the United States of America 115, no. 44 (October 2018): 11221–25. https://doi.org/10.1073/pnas.1807677115. Full Text
Abbott, J. K., J. N. Sanchirico, and M. D. Smith. “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 1, 2018): 209–12. https://doi.org/10.1086/698020. Full Text
Asche, F., and M. D. Smith. “Viewpoint: Induced Innovation in Fisheries and Aquaculture.” Food Policy 76 (April 1, 2018): 1–7. https://doi.org/10.1016/j.foodpol.2018.02.002. Full Text
Gopalakrishnan, S., C. E. Landry, and M. D. Smith. “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. https://doi.org/10.1093/reep/rex020. Full Text
Smith, M. D. “Open access and the fishery.” In Environmental and Natural Resource Economics: An Encyclopedia. ABC-CLIO, 2014.
Smith, M. D. “Managing Our Nations Fisheries 3: Advancing Sustainability.” edited by J. Gilden, 2014.
Roebeling, P. C., I. Bohnet, M. Smith, D. Westcott, F. Kroon, M. Hartcher, M. Hodgen, and J. Vleeshouwer. “Landscapes toolkit for triple-bottom-line assessment of land use scenarios in Great Barrier Reef catchments.” In Modsim05 International Congress on Modelling and Simulation: Advances and Applications for Management and Decision Making, Proceedings, 711–17, 2005.
CNH-L: Climate Change Adaptation in a Coupled Geomorphic-Economic Coastal System with Heterogeneous Climate Beliefs awarded by (Principal Investigator). 2017 to 2021
Property Rights and the Value of Marine Natural Capital: A Comparative Study of Three Property Rights-based Management Systems in Fisheries awarded by (Principal Investigator). 2019 to 2020
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 (Principal Investigator). 2015 to 2016
CATCH: Market-oriented and sustainable value chains for cod products based on live storage awarded by (Principal Investigator). 2015
Modelling Fishery Landings Locations and Product Forms awarded by (Principal Investigator). 2013 to 2015
Do Catch Shares Increase Ex-vessel Prices in U.S. Fisheries? awarded by (Principal Investigator). 2014 to 2015
Measuring the Effects of Hypoxia on the Gulf of Mexico Shrimp Fishery awarded by (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