annotated bibliography of fisheries economics literature - Office of ...

dragger fleet in the Scotia-Fundy Region grew dramatically in fishing power.
By 1989, fleet capacity had exceeded that required to harvest the resource at
F 0.1 by four times. This increase in capacity was paralleled by an expansion
of regulations to contain effort and protect the stocks. In 1989, management
plan negotiations broke down and a Task Force was struck to define a new
management system. Among other initiatives, it was recommended that
Individual Transferable Quotas (ITQ) be implemented. During 1990, the ITQ
program was designed through joint DFO/industry committees and launched in
1991. Since then, dragger fleet capacity has been reduced, with concentration
of quota in fewer boats. There have also been changes in price structure,
seasonal pattern of landing and fishermen's attitudes. However, it is not
obvious that at sea fishing practices have changed. As well, due to recent
resource declines, effort has been displaced to non-ITQ fisheries. This paper
documents the background to the ITQ program, its implementation and what has
been achieved to date.
Burness, H. Stuart (1976). "On the Taxation of Nonreplenishable Natural
Resources." Journal of Environmental Economics and Management,
3:289-311.
A resource constraint alters the profit maximizing decision rule for a
natural resource producer. Such a producer also responds differently to
common policy instruments. For a zero rate of discount, it is shown that a
franchise (lump sum), severance (ad valorem or unit), or profit tax result,
respectively, is increased, unchanged, and unchanged output. These results
are generalized to the case when the rate of discount is nonzero and tax rates
vary over time. A tax subsidy scheme for guaranteeing the equality of optimal
social and private rates of depletion is presented for a case where these
rates diverge.
Burns, Scott (1997). The Role of Trade Policies in the Fishing Sector. :
Natural Resource Management Workshop, World Wildlife Fund, U.S.,
Washington, D.C., April, 6 pp.
Proposal and agenda for a workshop in Geneva on subsidies in fish
harvesting sectors worldwide. Case studies are provided as a basis for a
discussion.
Burt, Oscar R. (1964). "Optimal Resource Use Over Time with an
Application to Ground Water." Management Science, 11(1):80-93.
This paper is concerned with optimal allocation over time of a single
resource that is either fixed in supply or only partially renewable at a point
in time. Some resources that fall in this category are mineral deposits,
ground water, petroleum, wildlife, and fish. A functional equation is
obtained from a dynamic programming formulation of the problem. This
functional equation is used to derive approximate decision rules for resource
use as a function of current supply. The results are applied to ground water
storage control and tested empirically by comparison with a decision rule
obtained by detailed numerical methods.
Burt, Oscar R. (1967). "Temporal Allocation of Groundwater." Water
Resources Research, 3(1):45-56.
A relatively simple economic model for allocation of groundwater in time
is developed. The economic consequences of altering various parameters in the
model are examined with respect to the effect on equilibrium stocks and rate
of use. The concept of a conditional decision rule for stochastic groundwater
recharge and the properties of the implied equilibrium are discussed. In its
9 8