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

improvement in incomes is to be achieved rather than a, perhaps unintended,
wealth redistribution.
Currie, John Martin, Andrew Schmitz (1971). "The Concept of Economic
Surplus and Its Use in Economic Analysis." The Economic Journal,
81(324):741-799.
Over the years considerable discussion has been directed towards making
the economic surplus concept as precise as possible. The first part of this
paper summarizes the major theoretical developments that have taken place
since the concept was first suggested. The second part considers some of the
more significant applications of the concept of economic surplus. Finally,
the reasons for the controversy surrounding this concept are discussed.
Curtis, Rita (1997). The Effect of Aggregation in Fishery Supply Models.
Draft, Department of Agricultural Economics, University of Maryland,
College Park, Maryland, August, 22 pp.
Three assumptions in fisheries economics may give rise to misleading
estimates of supply; aggregate fishing effort, single species analyses of
multispecies fisheries, and aggregating fishing days to the trip level. This
paper focuses on the third assumption using Hawaii s multispecies pelagic
longline fishery as an empirical example. Using a revenue function approach,
aggregation consistency is tested and rejected for all trip classifications.
Hence a policy maker relying on results generated from the trip level model
would draw the erroneous conclusion that economic factors do not influence
production, that production is strictly biologically determined.
Curtis, Rita (1998). The Effect of Temporal Aggregation in Fishery
Production Models. Draft, Department of Agricultural Economics,
University of Maryland, College Park, Maryland, August, 28 pp.
Aggregation theory is reviewed and the implications for fishery
economics is discussed. This is followed by a characterization of
nonjointness in multispecies production and the relationship between
aggregation and input price nonjointness. To further ground this discussion,
an empirical example using data from Hawaii s longline fishery is then
provided in the third section. Temporal aggregation consistency is tested and
rejected for all three trip classifications. Hence a policy maker relying on
results generated from the trip level model would draw the erroneous
conclusion that economic factors do not influence production, that production
is strictly biologically determined. The importance of accurate supply
measures is demonstrated by comparing a hypothetical individual transferable
quotas program that might arise using results from the aggregated model
against an ITQ program based on disaggregate results. Overall, the ITQ
program based on the aggregate model results in unnecessarily stringent catch
restrictions.
Dahlman, Carl J. (1979). "The Problem of Externality." The Journal of
Law and Economics, 22:141-162.
This paper provides a systematic analysis of exactly what kinds of
transaction costs are necessary to generate externalities and studies the
relationship between the Coase theory of externalities and the standard Pigou
tradition.
Dahlstrom, W.A. (1973). "Status of the California Ocean Shrimp Resource
and Its Management." Marine Fisheries Review, 35(3-4):55-59.
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