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

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Charles, Anthony T. and Gordon R. Munro (1985). "Irreversible<br />

Investment and Optimal Fisheries Management: A Stochastic<br />

Analysis." Marine Resource Economics, 1(3):247-264.<br />

In recent years, attention has been devoted to fishery management<br />

problems that arise because capital embodied in fishing fleets is <strong>of</strong>ten<br />

nonmalleable, having few if any alternative uses. This problem <strong>of</strong><br />

irreversible investment was analyzed by Clark et al. (1979), using a<br />

deterministic model. In reality, however, most investment decisions must be<br />

made within an uncertain environment. This paper describes recent efforts to<br />

account for uncertainty in analyzing the problem <strong>of</strong> optimal fishery<br />

investment, where the uncertainty is caused by stochastic variability in the<br />

resource stock from year to year.<br />

Charles, Anthony T. and William J. Reed (1985). "A Bioeconomic Analysis<br />

<strong>of</strong> Sequential Fisheries: Competition, Coexistence, and Optimal<br />

Harvest Allocation Between Inshore and Offshore Fleets." Can J.<br />

Fish. Aquat. Sci., 42:952-962.<br />

A bioeconomic model is developed to determine optimal harvest allocation<br />

between <strong>of</strong>fshore and inshore fleets exploiting a single fish stock in<br />

sequential <strong>fisheries</strong>. The socially optimal policy for maximizing total<br />

discounted rent is determined in terms <strong>of</strong> optimal escapement levels in each<br />

fishery. Whether exclusion or coexistence <strong>of</strong> the two fleets occurs under open<br />

access and under optimal management is found to depend primarily on<br />

inshore/<strong>of</strong>fshore price and cost ratios, together with biological parameters<br />

related to the age structure <strong>of</strong> the fish stock. We discuss how fishery<br />

regulations, such as separate landings taxes imposed on each fleet, can be<br />

used to jointly optimize open-access exploitation in sequential <strong>fisheries</strong>.<br />

Charles, Anthony T., Theophilus R. Brainerd, Alicia Bermudez M.,<br />

Herminigildo M. Montalvo, and Robert S. Pomeroy (1994). Fisheries<br />

Socio<strong>economics</strong> in the Developing World, Regional Assessments and<br />

an Annotated Bibliography. International Development Research<br />

Centre, P.O. Box 8500, Ottawa, ON, Canada, K1G 3H9, March, 163 pp.<br />

In <strong>fisheries</strong> <strong>of</strong> the developing world, where social and economic concerns<br />

<strong>of</strong>ten dominate, intelligent policy making requires an adequate understanding<br />

<strong>of</strong> both "economic" and "human" factors -- the economic structure and dynamics<br />

<strong>of</strong> the fishery system, on the one hand, and the role <strong>of</strong> social, cultural,<br />

institutional and political aspects on the other. Interdisciplinary linkages<br />

between these two elements form the essence <strong>of</strong> fishery socio<strong>economics</strong>, that<br />

addresses a wide range <strong>of</strong> topics: analyses <strong>of</strong> management and developmental<br />

goals, income distribution, social accounting, fishery ownership and access,<br />

fisher dynamics and labor markets, the socioeconomic structure <strong>of</strong> fishing<br />

communities, economic aspects <strong>of</strong> gender differences, the nature <strong>of</strong> fishery<br />

decision making, and so on.<br />

Despite its recognized practical importance, the fishery socioeconomic<br />

<strong>literature</strong> is widely dispersed and <strong>of</strong>ten inaccessible. This report presents<br />

the results <strong>of</strong> an international effort to compile this <strong>literature</strong> and to<br />

assess the "state <strong>of</strong> the art" in socioeconomic research on developing<br />

<strong>fisheries</strong> and aquaculture. The report consists <strong>of</strong> two key elements: (1) a<br />

series <strong>of</strong> regionally based assessments <strong>of</strong> fishery socio<strong>economics</strong> research, for<br />

each <strong>of</strong> Africa, Latin America and Asia/Pacific, and (2) an extensive <strong>annotated</strong><br />

<strong>bibliography</strong> (on diskette) containing over 100 references from across the<br />

developing world.<br />

Charles River Associates (1983). "Modeling the Short-Run Behavior <strong>of</strong><br />

the New England Groundfish Industry." Final report prepared for<br />

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