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

Fischer, C., A. G. Guttormsen, and M. D. Smith. “Disease Risk and Market Structure in Salmon Aquaculture.” Water Economics and Policy 3, no. 2 (April 1, 2017). Full Text Open Access Copy

Smith, M. D. “Editorial: The Breadth of Ocean and Coastal Economics.” Marine Resource Economics 32, no. 2 (April 1, 2017): 119–21. Full Text

Fischer, Carolyn, Atle G. Guttormsen, and Martin D. Smith. “Disease Risk and Market Structure in Salmon Aquaculture.” Water Economics and Policy 03, no. 02 (April 2017): 1–29.

Smith, Martin D., Atle Oglend, A Justin Kirkpatrick, Frank Asche, Lori S. Bennear, J Kevin Craig, and James M. Nance. “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): 1512–17. Full Text Open Access Copy

Miteva, D. A., R. A. Kramer, Z. S. Brown, and M. D. Smith. “Spatial patterns of market participation and resource extraction: Fuelwood collection in Northern Uganda.” American Journal of Agricultural Economics 99, no. 4 (January 1, 2017): 1008–26. Full Text

Purcell, Kevin M., J Kevin Craig, James M. Nance, Martin D. Smith, and Lori S. Bennear. “Fleet behavior is responsive to a large-scale environmental disturbance: Hypoxia effects on the spatial dynamics of the northern Gulf of Mexico shrimp fishery.Plos One 12, no. 8 (January 2017): e0183032. Full Text

Gopalakrishnan, S., C. E. Landry, M. D. Smith, and J. C. Whitehead. “Economics of coastal erosion and adaptation to sea level rise.” Annual Review of Resource Economics 8, no. 1 (October 5, 2016): 119–39. Full Text Open Access Copy

Cunningham, S., L. S. Bennear, and M. D. Smith. “Spillovers in regional fisheries management: Do catch shares cause leakage?Land Economics 92, no. 2 (May 1, 2016): 344–62. Full Text Open Access Copy