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

output orientation (with the exception of the cost efficiencies option).
Coelli, Tim (1998). A Multi-Stage Methodology for the Solution of Orientated
DEA Models. Draft to appear in Operations Research Letters, Centre for
Efficiency and Productivity Analysis, Department of Econometrics,
University of New England, Armidale, NSW, 2351, Australia, November, 16
pp.
The majority of DEA studies use a two-stage linear programming (LP)
process to solve orientated DEA models. There are two significant problems
associated with the second stage of this process. The first is that the sum
of slacks is maximized rather than minimized and hence will identify not the
nearest efficient point but the furthest efficient point. The second problem
is that it is not invariant to units of measurement. In this paper, we
propose a multi-stage DEA methodology which involves a sequence of radial
LP s. We observe that this new approach will identify more representative
efficient points and that it is also invariant to units of measurement. The
methodology is illustrated using a simple example.
Coggins, Jay S. and John R. Swinton (19??). The Price of Pollution: A Dual
Approach to Valuing SO 2 Allowances. Forthcoming J. Environmental
Economics and Management.
Under the 1990 Clean Air Act Amendments, a market-based scheme to reduce
U.S. sulfur dioxide emissions takes effect in 1995. Indications are that
participation in the market will be light and allowance prices will be lower
than was once expected. Using an output distance function approach, for
Wisconsin coal-burning utility plants we estimate the shadow price of SO 2
abatement, which should approximate the allowance price. The estimated
average shadow price is above the prices at which the few observed allowance
trades have occurred. Wisconsin s stringent state SO 2 legislation may explain
a portion of this divergence.
Coglan, Louisa, Sean Pascoe, and Simon Mardle (199?). DEA Versus Econometric
Analysis of Efficiency in Fisheries. Department of Economics,
University of Portsmouth, UK.
Economists have often used econometrics to estimate stochastic
production frontiers to assess the level of efficiency of individual
enterprises. Data Envelopment Analysis (DEA) has been proposed as an
alternative approach to measure the relative efficiency of individual
enterprises. A key advantage of DEA is that, unlike econometric approaches,
it does not require a specific production function to be imposed. In this
paper, DEA is used to estimate the relative efficiency of demersal trawlers
operating in the English Channel. The results from this analysis are compared
to the results of an econometric analysis using the same data. Conclusions
about the relative benefits of the approaches are presented. The results
suggest that the econometric production frontier approach may result in some
efficient boats appearing as inefficient.
Cohen, Maurie J. (1995). Technological Disasters and Natural Resource Damage
Assessment: An Evaluation of the Exxon Valdez Oil Spill. Land
Economics, 71(1):65-82.
Ex post analysis can enhance assessment of the social costs of
technological disasters. This paper employs a market model to evaluate the
economic losses of the 1989 Exxon Valdez oil spill on south central Alaska s
fisheries. The upper bound of the accident s first year social costs on these
resources is $108 million, approximately 27 percent of exvessel value. Second
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