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

Lazarus, E. D., D. E. McNamara, M. D. Smith, S. Gopalakrishnan, and A. B. Murray. “Emergent behavior in a coupled economic and coastline model for beach nourishment.” Nonlinear Processes in Geophysics 18, no. 6 (December 1, 2011): 989–99. Full Text

Smith, Martin D., and Sathya Gopalakrishnan. “Prices and Quantities to Control Overfishing,” July 4, 2011.

Gopalakrishnan, S., M. D. Smith, J. M. Slott, and A. B. Murray. “The value of disappearing beaches: A hedonic pricing model with endogenous beach width.” Journal of Environmental Economics and Management 61, no. 3 (May 1, 2011): 297–310. Full Text

McNamara, D. E., B. A. Murray, and M. D. Smith. “Coastal sustainability depends on how economic and coastline responses to climate change affect each other.” Geophysical Research Letters 38, no. 7 (April 1, 2011). Full Text

Zhang, J., and M. D. Smith. “Heterogeneous Response to Marine Reserve Formation: A Sorting Model approach.” Environmental and Resource Economics 49, no. 3 (January 1, 2011): 311–25. Full Text

Gopalakrishnan, S., M. D. Smith, J. M. Slott, and A. B. Murray. “The Value of Disappearing Beaches: A Hedonic Model with Endogenous Beach Width.” Journal of Environmental Economics and Management 61, no. 3 (2011): 297–310.

Zhang, J., and M. D. Smith. “Estimation of a generalized fishery model: A two-stage approach.” Review of Economics and Statistics 93, no. 2 (2011): 690–99. Full Text

Huang, L., M. D. Smith, and J. K. Craig. “Quantifying the Economic Effects of Hypoxia on a Fishery for Brown Shrimp Farfantepenaeus aztecus.” Marine and Coastal Fisheries 2, no. 1 (December 1, 2010): 232–48. Full Text

Smith, Martin D., Frank Asche, Atle G. Guttormsen, and Jonathan B. Wiener. “Food safety. Genetically modified salmon and full impact assessment.Science 330, no. 6007 (November 19, 2010): 1052–53. Full Text