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

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conjectural variation regarding what one exploiter thinks will be the effect<br />

<strong>of</strong> his exploitation on the exploitation efforts <strong>of</strong> others. The resulting<br />

analysis indicates that the degree <strong>of</strong> over- or underexploitation <strong>of</strong> the<br />

commons depends on the particular conjecture and the underlying technology.<br />

For a representative commons model we show that consistent conjectures, those<br />

that conform with reality, cannot characterize standard Nash equilibria.<br />

Additionally, non-Nash behavior is shown to be inconsistent in all but one<br />

case, a case corresponding to zero pr<strong>of</strong>its even in the instance <strong>of</strong> a finite<br />

number <strong>of</strong> firms.<br />

Cornwell, Christopher and Peter Schmidt (1996). Production Frontiers and<br />

Efficiency Measurement. Chapter 32 in The Econometrics <strong>of</strong> Panel Data:<br />

A Handbook <strong>of</strong> the Theory with Applications, 2 nd Revised Edition,<br />

Dordrecht: Kluwer Academic Publishers.<br />

This chapter concentrates on the estimation <strong>of</strong> production frontiers and<br />

the measurement <strong>of</strong> technical inefficiency relative to them.<br />

Costanza, Robert and Stephen C. Farber (1986). "The Economic Valuation<br />

and Management <strong>of</strong> Wetlands." Presented at the National Wetland<br />

Symposium on Mitigation <strong>of</strong> Impacts and Losses, October 8-10,<br />

International Hotel, New Orleans, LA.<br />

A willingness-to-pay and energy analysis valuation techniques were used<br />

to estimate the value <strong>of</strong> an acre <strong>of</strong> Louisiana wetlands. It seems clear that<br />

no amount <strong>of</strong> effort will produce very precise estimates <strong>of</strong> wetland values and<br />

we suspect this is also the case for several other classes <strong>of</strong> natural<br />

resources. One school <strong>of</strong> thought holds that until precise estimates <strong>of</strong><br />

wetland values are available we should not attempt to evaluate these resources<br />

at all, or should use only the market price. A second school holds that<br />

wetlands are priceless, their real value can never be even imprecisely<br />

quantified and we should therefore spare no expense in preserving them. We<br />

contend that there are rational methods for dealing with this imprecision and<br />

uncertainty without taking either <strong>of</strong> these extreme positions. We elaborate a<br />

Wetlands Trust Fund system that would solve most <strong>of</strong> the problems.<br />

Coste, Sharon (1995). "News Release." South Atlantic Fishery<br />

Management Council, 1 Southpark Circle, Suite 306, Charleston,<br />

S.C., February, 16.<br />

Update on issues affecting the south Atlantic <strong>fisheries</strong>. Live Rock<br />

Aquaculture permit system approved by Council. Wreckfish TAC status quo<br />

maintained. Rock shrimp final action deferred.<br />

Cox, D.R. (1970). The Analysis <strong>of</strong> Binary Data, Chapman and Hall, London.<br />

This monograph concerns the analysis <strong>of</strong> binary or quantal data, i.e.<br />

data in which an observation takes one <strong>of</strong> two possible forms, e.g. success or<br />

failure. The central problem is to study how the probability <strong>of</strong> success<br />

depends on explanatory variables and groupings <strong>of</strong> the material.<br />

Coxhead, Ian and Sisira Jayasuriya (1995). Trade and Tax Policy Reform and<br />

the Environment: The Economics <strong>of</strong> Soil Erosion in Developing Countries. <br />

American Journal <strong>of</strong> Agricultural Economics, 77(3):631-644.<br />

The widespread view that trade reform is bad for the environment has<br />

rarely been subjected to close scrutiny. In a developing country model we<br />

trace general equilibrium impacts <strong>of</strong> tax and tariff policy changes on upland<br />

resource allocation and, by implication, on the rate <strong>of</strong> erosion. Our analysis<br />

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