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

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shrimp trawlers during the period 1962-71. Typical life spans appear to be<br />

only one or two years, so that these fishes must mature rapidly. Their<br />

theoretical total annual mortality rates are about 90-100%, so that there must<br />

be a rapid turnover <strong>of</strong> biomass on the shrimp grounds. Fishes with this type<br />

<strong>of</strong> life cycle tend to withstand extensive fishing without danger <strong>of</strong> over<br />

harvesting, so that they apparently have great <strong>fisheries</strong> potential. The Gulf<br />

shrimp fishery at present does not appear to be over harvesting the demersal<br />

fishes.<br />

Chopin, Frank, Yoshihiro Inoue, Y. Matsushita, and Takafumi Arimoto (1997).<br />

Sources <strong>of</strong> Accounted and Unaccounted Fishing Mortality. In Solving<br />

Bycatch, Considerations for Today and Tomorrow, Alaskan Sea Grant<br />

College Program Report No. 96-03, University <strong>of</strong> Alaska, Fairbanks,<br />

Alaska, 322 pp.<br />

Discarding <strong>of</strong> nontarget species and sizes <strong>of</strong> fish by commercial fishing<br />

vessels is a common practice in many <strong>fisheries</strong> around the world and is<br />

currently estimated at 27 million tons globally. Efforts to reduce discarding<br />

through mechanical selection were started over 100 years ago and were the<br />

precursor to mesh selectivity research in many European countries. The<br />

release <strong>of</strong> fish through mechanical selection is now a preferred management<br />

tool in many <strong>fisheries</strong>. In recent years, research into fish mortality after<br />

escape has shown that mortalities vary by gear type and species, may be<br />

immediate or delayed, and may be due to injuries or stressors associated with<br />

capture-escape trauma. In addition to escape mortality, there are other<br />

unaccounted mortalities associated with different capture technologies. This<br />

paper reviews sources <strong>of</strong> unaccounted fishing mortality, presents a general<br />

model <strong>of</strong> the capture process, and proposes a set <strong>of</strong> conservation technology<br />

penalties for discards, ghost fishing, and escape mortalities for each gear<br />

type and fleet sector. An effective conservation philosophy for reducing<br />

resource waste must include a shift <strong>of</strong> research to the commercial sector and a<br />

review program to allow for penalty reductions when new technologies are<br />

introduced.<br />

Christensen, Laurits R. (1977). "Estimating U.S. Consumer Preferences<br />

for Meat with a Flexible Utility Function." Journal <strong>of</strong><br />

Econometrics, 5:37-53.<br />

Direct and indirect translog utility functions provide budget share<br />

equations that are both flexible and consistent with the theory <strong>of</strong> utility<br />

maximization. These forms are attractive for modeling consumer behavior.<br />

Because <strong>of</strong> their flexibility they are ideal for testing hypotheses such as<br />

additivity <strong>of</strong> preferences. In this paper, we use the translog methodology to<br />

analyze U.S. consumption <strong>of</strong> the four principal categories <strong>of</strong> meat-fish, beef,<br />

poultry, and pork. We decisively reject the hypothesis <strong>of</strong> additivity.<br />

However, further testing for partial additivity reveals that (beef) and (fish,<br />

poultry, pork) are additively separable subgroups <strong>of</strong> meat.<br />

Christensen, Laurits R., Dale W. Jorgenson, and Lawrence J. Lau (1975).<br />

"Transcendental Logarithmic Utility Functions." American Economic<br />

Review, 65(3):367-383.<br />

A test <strong>of</strong> the theory <strong>of</strong> demand is developed that does not employ<br />

additivity <strong>of</strong> homotheticity as part <strong>of</strong> the maintained hypothesis. Secondly,<br />

the duality between prices and quantities in the theory <strong>of</strong> demand is<br />

exploited. The indirect utility function is represented by functions that are<br />

quadratic in the logarithms <strong>of</strong> ratios <strong>of</strong> prices to total expenditure,<br />

paralleling the treatment <strong>of</strong> the direct utility function. The resulting<br />

indirect utility functions provide a local second-order approximation to any<br />

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