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

eing given to the formulation of social objectives. A key question is
whether those objectives should be internalized within the fisheries
management strategies or remain externalized and devolved to other policy
sectors (social policy, regional policy, etc.). The paper explores the scope
for incorporating social objectives in alternative management strategies and
develops an agenda for policy related social science research. It draws upon
the proceedings of an European Union funded international workshop held in
Brussels in May, 1994.
Criddle, Keith R., and Arthur M. Havenner (1989). "Forecasting Halibut
Biomass Using System Theoretic Time-Series Methods." American
Journal of Agricultural Economics, (May):422-431.
A new procedure introduced by Masanao Aoki uses the ideas of linear
systems theory to identify and estimate time-series models. A slightly
modified version of this procedure is used to forecast halibut biomass in
total and by regulatory area and subarea, and the out-of-sample forecasts are
evaluated for eight years. All models produce highly accurate forecasts of
biomass, with errors well within the bounds required for setting catch limits
in the following year.
Cronin, Francis J. (1982). Valuing Nonmarket Goods Through Contingent
Markets. Prepared for the U.S. Environmental Protection Agency by
Battelle, Pacific Northwest Laboratory.
To estimate the value of public good externalities and thus determine
their efficient levels of production, several researchers have recommended the
use of interview techniques. In fact, contingent market valuations of
externalities have recently been employed in studies of recreational activity
and visibility. Furthermore, because of the limitations inherent in other
techniques and society's increased concern with allocation efficiency,
contingent market valuation is likely to become an important tool in
determining the types and levels of public goods produced.
Despite the recent spate of studies employing contingent markets,
uncertainties remain regarding the existence and impacts of biases often
associated with this technique. Included among these are hypothetical bias,
strategic bias, information bias, and interviewer bias. If the results of
contingent market valuation are to be credible, the uncertainties surrounding
these biases must be resolved. If no biases exist, no actions need be taken;
if biases do exist, however, methods to mitigate their impacts or to estimate
their influences must be developed.
This paper estimates the extent and significance of three biases
associated with contingent market analysis - strategic bias, information bias,
and interviewer bias. The contingent market analyzed is that for improved
water quality. The values households place on improved water quality are
obtained from a random sample of almost 2,000 households in Washington, D.C.
metropolitan reach of the Potomac River. Thus, the analysis also provides
information necessary to select the optimal level of water quality.
The findings indicate that the value attached to improved water quality
is substantially higher than that estimated in prior studies. Perhaps of more
general importance, the findings support the hypothesis that respondents
engage in strategic behavior. Respondents who were given incentives to bias
their revealed value downward were found to have mean bids significantly lower
than households who were given incentives to bias their revealed values
upward. In addition, statistically significant evidence supporting the
existence of both information and interviewer bias was found.
Crookshank, Steven L. (1991). "The Economics of Wetland Valuation."
Report prepared for the National Marine Fisheries Service.
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