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

Williams, Z. C., D. E. McNamara, M. D. Smith, A. B. Murray, and S. Gopalakrishnan. “Coupled economic-coastline modeling with suckers and free riders.” Journal of Geophysical Research: Earth Surface 118, no. 2 (June 1, 2013): 887–99. Full Text

Brad Murray, A., S. Gopalakrishnan, D. E. McNamara, and M. D. Smith. “Progress in coupling models of human and coastal landscape change.” Computers and Geosciences 53 (April 1, 2013): 30–38. Full Text

Klinger, D. H., M. Turnipseed, J. L. Anderson, F. Asche, L. B. Crowder, A. G. Guttormsen, B. S. Halpern, et al. “Moving beyond the fished or farmed dichotomy.” Marine Policy 38 (January 1, 2013): 369–74. Full Text

Smith, Martin D. “Reflections on Marine Resource Economics: Editor’s Introduction.” Marine Resource Economics 27, no. 3 (September 2012): 197–201. Full Text

Asche, F., L. S. Bennear, A. Oglend, and M. D. Smith. “U.S. shrimp market integration.” Marine Resource Economics 27, no. 2 (June 25, 2012): 181–92. Full Text Open Access Copy

Huang, L., L. A. B. Nichols, J. K. Craig, and M. D. Smith. “Measuring welfare losses from hypoxia: The case of North Carolina brown shrimp.” Marine Resource Economics 27, no. 1 (March 26, 2012): 3–23. Full Text Open Access Copy

Conrad, J. M., and M. D. Smith. “Nonspatial and spatial models in bioeconomics.” Natural Resource Modeling 25, no. 1 (February 1, 2012): 52–92. Full Text Open Access Copy

Tveterås, Sigbjørn, Frank Asche, Marc F. Bellemare, Martin D. Smith, Atle G. Guttormsen, Audun Lem, Kristin Lien, and Stefania Vannuccini. “Fish is food--the FAO's fish price index.Plos One 7, no. 5 (January 2012): e36731. Full Text Open Access Copy

Smith, Martin D. “The New Fisheries Economics: Incentives Across Many Margins.” Annual Review of Resource Economics, Vol 4 4 (2012): 379-+. Full Text

Smith, MD, and Crowder, LB. "Valuing ecosystem services with fishery rents: A lumped-parameter approach to hypoxia in the neuse river estuary." Sustainability 3, no. 11 (December 1, 2011): 2229-2267. Full Text