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

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greatest benefits. They also can serve as one <strong>of</strong> several analyses that<br />

support the decision process for any specific water quality policy. Case<br />

studies are used to clarify points. Data needs, key assumptions, and other<br />

relevant points are covered for different ways <strong>of</strong> determining the relationship<br />

between desirable and undesirable effects <strong>of</strong> a program decision.<br />

Desvousges, William H., V. Kerry Smith, and Matthew P. McGivney (1983).<br />

A Comparison <strong>of</strong> Alternative Approaches for Estimating Recreation<br />

and Related Benefits <strong>of</strong> Water Quality Improvements. EPA Contract<br />

No. 68-01-5838, U.S. Environmental Protection Agency, Economic<br />

Analysis Division, Washington, D.C. 20460.<br />

The results <strong>of</strong> this project strongly support the feasibility <strong>of</strong><br />

measuring the recreation and related benefits <strong>of</strong> water quality improvements.<br />

Moreover, the benefits measurement approaches - several contingent valuation<br />

formats and the travel cost method - show consistent results for comparable<br />

changes in water quality. Indeed, the range <strong>of</strong> variation is generally less<br />

than that expected in models used to translate the effects <strong>of</strong> effluents in a<br />

water body into the corresponding water quality parameters. In addition, the<br />

results also clearly show that the intrinsic benefits <strong>of</strong> water quality<br />

improvements, especially option values, can be measured and that they are a<br />

sizable portion (greater than half) <strong>of</strong> the total recreation and related<br />

benefits total.<br />

Desvousges, William H., Alicia R. Gable, Richard W. Dunford, and Sara P.<br />

Hudson (1993). "Contingent Valuation: the Wrong Tool to Measure<br />

Passive-Use Losses." Choices, 2nd Quarter: 9-11.<br />

Passive use values have no associated behavior to use in estimation <strong>of</strong><br />

existence value <strong>of</strong> unique natural resources.<br />

Devadoss, S. and William H. Meyers (1987). "Relative Prices and Money:<br />

Further Results for the United States." American Journal <strong>of</strong><br />

Agricultural Economics, 69(4):838-842.<br />

Empirical results support the hypothesis that agricultural prices<br />

respond faster than manufactured product prices to a change in money supply in<br />

the United States. Sims' vector autoregression (VAR) technique was applied in<br />

examining this hypothesis. The monte carlo integration method was used to<br />

test the significance <strong>of</strong> the impulse responses generated by the VAR technique.<br />

Devadoss, Stephen, Jurgen Kropf, and Thomas Wahl (1995). "Trade<br />

Creation and Diversion Effects <strong>of</strong> the North American Free Trade<br />

Agreement <strong>of</strong> U.S. Sugar Imports from Mexico." Journal <strong>of</strong><br />

Agricultural and Resource Economics, 20(2): 215-230.<br />

A world sugar model consisting <strong>of</strong> 21 countries was developed to<br />

determine the effects <strong>of</strong> NAFTA on U.S. and Mexican sugar markets and to<br />

quantify the trade creation and diversion effects on U.S. imports from Mexico.<br />

Mexican sugar production increases under NAFTA, causing Mexico to become a net<br />

exporter. NAFTA induces sugar imports from Mexico to displace U.S.<br />

production, to meet demand expansion, and also to divert U.S. imports from<br />

other foreign suppliers to Mexico. Effects <strong>of</strong> NAFTA on the U.S. sugar market<br />

are small because <strong>of</strong> the side agreements which limit Mexican exports and which<br />

include corn sweetener consumption when computing Mexico s production surplus.<br />

DeVoretz, Don and Richard Schwindt (1985). Harvesting Canadian Fish and<br />

Rents: A Partial Review <strong>of</strong> the Report <strong>of</strong> the Commission on Canadian<br />

Pacific Fisheries Policy. Marine Resource Economics, 4(1):347-367.<br />

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