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

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model is developed that provides an estimation <strong>of</strong> the factor by which expected<br />

catches are reduced.<br />

Clark, Colin W. (1990). Mathematical Bio<strong>economics</strong>, The Optimal<br />

Management <strong>of</strong> Renewable Resources, Second Edition. John Wiley &<br />

Sons, Inc., New York.<br />

This book is concerned with the Economics <strong>of</strong> the sustainable use <strong>of</strong><br />

biological resources and with understanding why such resources have <strong>of</strong>ten been<br />

used in a nonsustainable manner.<br />

Clark, C.W. and G.P. Kirkwood (1979). "Bioeconomic Model <strong>of</strong> the Gulf <strong>of</strong><br />

Carpentaria Prawn Fishery." J. Fish. Res. Board Can. 36:1304-<br />

1312.<br />

A bioeconomic model <strong>of</strong> the Gulf <strong>of</strong> Carpentaria prawn fishery that<br />

employs 21 parameters to describe the performance <strong>of</strong> two classes <strong>of</strong> vessels<br />

exploiting several stocks <strong>of</strong> prawns is developed. The model predicts the<br />

number <strong>of</strong> vessels <strong>of</strong> each class entering the fishery under free access, and is<br />

also used to estimate the economically optimal number <strong>of</strong> vessels <strong>of</strong> each type.<br />

Clark, Colin W. and R. Lamberson (1982). "An Economic History and<br />

Analysis <strong>of</strong> Pelagic Whaling." Marine Policy, April:103-120.<br />

Following the introduction <strong>of</strong> sea going factory vessels by Norwegian<br />

whalers in the 1926 season, the international whaling industry underwent a<br />

large expansion that ultimately resulted in depletion <strong>of</strong> many valuable stocks<br />

<strong>of</strong> whales. Attempts at conservation under the auspices <strong>of</strong> the International<br />

Whaling Commission met with limited but growing success, until a new<br />

management policy was adopted in 1975. By 1980 the killing <strong>of</strong> most species <strong>of</strong><br />

baleen whales had been prohibited. The authors review the economic history <strong>of</strong><br />

pelagic whaling during this period, and present a corresponding economic<br />

analysis. A brief survey <strong>of</strong> mathematical models <strong>of</strong> the whaling industry is<br />

given in the Appendix.<br />

Clark, Colin W. and Marc Mangel (1979). "Aggregation and Fishery<br />

Dynamics: A Theoretical Study <strong>of</strong> Schooling and the Purse Seine<br />

Tuna Fisheries." Fishery Bulletin, 77(2):317-337.<br />

This paper describes mathematical models <strong>of</strong> exploited fish stocks under<br />

the assumption that a certain portion <strong>of</strong> the stock becomes available through a<br />

dynamic aggregation process. The surface tuna fishery is used throughout as<br />

an example. The effects <strong>of</strong> aggregation on yield-effort relationships, indices<br />

<strong>of</strong> abundance, and fishery dynamics are discussed. The predictions <strong>of</strong> the<br />

theory are notably different from those obtained from general production<br />

fishery models, particularly in cases where the available substock has a<br />

finite saturation level. Possible effects include fishery " catastrophes" and<br />

lack <strong>of</strong> significant correlation between catch per unit effort statistics and<br />

stock abundance. Various management implications <strong>of</strong> the models are also<br />

discussed.<br />

Clark, Colin W., Frank H. Clarke, and Gordon R. Munro (1979). "The<br />

Optimal Exploitation <strong>of</strong> Renewable Resource Stocks: Problems <strong>of</strong><br />

irreversible Investment." Econometrica, 47(1):25-47.<br />

This paper studies the effects <strong>of</strong> irreversibility <strong>of</strong> capital investment<br />

upon optimal exploitation policies for renewable resource stocks. It is<br />

demonstrated that although the long term optimal sustained yield is not<br />

affected by the assumption <strong>of</strong> irreversibility (except in extreme cases), the<br />

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