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

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cost <strong>of</strong> any given level <strong>of</strong> output selected?<br />

Crutchfield, James A. (1973). "Economic and Political Objectives in<br />

Fishery Management. Trans. Am. Fish. Soc., 102(2):481-491.<br />

On the ground that no discussion <strong>of</strong> objectives is meaningful except in<br />

terms <strong>of</strong> their inherent social goals and <strong>of</strong> our actual capacity to achieve<br />

them, this paper is somewhat broader in coverage than its title suggests.<br />

Section II reviews the changes in attitude toward the objectives <strong>of</strong> fishery<br />

management over the past decade and indicates the need for further development<br />

in this critical area. The third section evaluates briefly recent extensions<br />

<strong>of</strong> the bioeconomic theory <strong>of</strong> fishing under open entry and under<br />

institutionally constrained conditions. The final section deals with changes<br />

in the political and administrative environment, with particular reference to<br />

modification <strong>of</strong> objectives and <strong>of</strong> management techniques in specific programs.<br />

Crutchfield, James A. (1979). "Economic and Social Implications <strong>of</strong> the<br />

Main Policy Alternatives for Controlling Fishing Effort." J.<br />

Fish. Res. Board Can., 36:742-752.<br />

Discussion <strong>of</strong> the need for economic rationalization has led to<br />

increasing interest in alternative strategies to control fishing effort in<br />

efficient ways. Three basic alternatives are considered: taxation, control <strong>of</strong><br />

fishing inputs ("limited entry"), and direct limitation <strong>of</strong> output through<br />

individual fisherman quotas. Each is analyzed in terms <strong>of</strong> specified elements<br />

<strong>of</strong> economic efficiency, distribution effects, freedom to choose fishing<br />

methods and strategies, and administrative feasibility. It is noted that in<br />

practice all would be used in combination with other direct measures to assure<br />

flexible control over fishing mortality. A number <strong>of</strong> common objections to<br />

economic rationalization <strong>of</strong> open access <strong>fisheries</strong> (e.g. creation <strong>of</strong> monopoly<br />

power, unemployment, failure to reduce consumer prices, and nonmonetary values<br />

associated with fishing) are analyzed and rejected as largely invalid. While<br />

the inherent short-term instability <strong>of</strong> commercial fishing and data problems<br />

preclude any " maximizing" model <strong>of</strong> a rationalized fishery, the prospects for<br />

workable programs leading to improved economic performance without adverse<br />

societal impacts are excellent.<br />

Crutchfield, J.A. and Giulio Pontecorvo (1969). The Pacific Salmon<br />

Fisheries, A Study <strong>of</strong> Irrational Conservation. Resources for the<br />

Future, Johns Hopkins Press, Baltimore, Maryland.<br />

This book demonstrates the consequences <strong>of</strong> open access and irrational<br />

conservation, develops a model that can be used in other case studies, and<br />

sets the framework for control <strong>of</strong> access and for the establishment <strong>of</strong><br />

effective conservation rules and efficient economic measures.<br />

Crutchfield, J.A. and A. Zellner (1961). "Economic Aspects <strong>of</strong> the<br />

Pacific Halibut Fishery." Fishery Industrial Research, Vol 1., No.<br />

1, Washington D.C.: U.S. Department <strong>of</strong> Interior. 173 p.<br />

Under international regulation by the Canadian and United States<br />

governments, the Pacific halibut fishery, that once faced depletion, has been<br />

restored to a high level <strong>of</strong> productivity. Although the stocks <strong>of</strong> halibut now<br />

are adequately protected, economic weaknesses in the fishery prompted the<br />

study reported here that discusses the basic theory <strong>of</strong> the regulation,<br />

analyzes its economic effects, and presents the conclusions drawn from the<br />

analysis and their implications for public policy.<br />

Crutchfield, Stephen R. (1986). "Personal Computer Simulations <strong>of</strong> Two<br />

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