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., M. F. Bellemare, C. Roheim, M. D. Smith, and S. Tveteras. “Fair Enough? Food Security and the International Trade of Seafood.” World Development 67 (March 1, 2015): 151–60. Full Text Open Access Copy

Asche, F., T. A. Larsen, M. D. Smith, G. Sogn-Grundvåg, and J. A. Young. “Pricing of eco-labels with retailer heterogeneity.” Food Policy 53 (January 1, 2015): 82–93. Full Text Open Access Copy

McNamara, Dylan E., Sathya Gopalakrishnan, Martin D. Smith, and A Brad Murray. “Climate adaptation and policy-induced inflation of coastal property value.Plos One 10, no. 3 (January 2015): e0121278. Full Text Open Access Copy

Anderson, James L., Christopher M. Anderson, Jingjie Chu, Jennifer Meredith, Frank Asche, Gil Sylvia, Martin D. Smith, et al. “The fishery performance indicators: a management tool for triple bottom line outcomes.Plos One 10, no. 5 (January 2015): e0122809. Full Text Open Access Copy

Smith, Martin D. “Fauna in decline: management risks.Science (New York, N.Y.) 346, no. 6211 (November 13, 2014): 819. Full Text

Abbott, J., J. L. Anderson, L. Campling, R. Hannesson, E. Havice, M. S. Lozier, M. D. Smith, and M. J. Wilberg. “Steering the global partnership for oceans.” Marine Resource Economics 29, no. 1 (January 1, 2014): 1–16. Full Text Open Access Copy

Smith, M. D., F. Asche, L. S. Bennear, and A. Oglend. “Spatial-dynamics of hypoxia and fisheries: The case of Gulf of Mexico brown shrimp.” Marine Resource Economics 29, no. 2 (January 1, 2014): 111–31. Full Text Open Access Copy

Huang, L., and M. D. Smith. “The dynamic efficiency costs of common-pool resource exploitation.” American Economic Review 104, no. 12 (January 1, 2014): 3991–4026. Full Text Open Access Copy

Smith, Martin D., Frank Asche, Lori S. Bennear, Elizabeth Havice, Andrew J. Read, and Dale Squires. “Will a catch share for whales improve social welfare?Ecological Applications : A Publication of the Ecological Society of America 24, no. 1 (January 2014): 15–23. Full Text Open Access Copy

Campbell, L. M., N. Boucquey, J. Stoll, H. Coppola, and M. D. Smith. “From Vegetable Box to Seafood Cooler: Applying the Community-Supported Agriculture Model to Fisheries.” Society and Natural Resources, 2014. Full Text