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

adoption/nonadoption varied across innovations. The characteristics of
potential adopters and the characteristics of the innovations, as perceived by
the potential adopters, were both important determinants of
adoption/nonadoption.
Di, Jin (1994). Multimedia Waste Disposal Optimization under Uncertainty
with an Ocean Option. Marine Resource Economics, 9(2):119-139.
Many communities face a waste management crisis. An increase in waste
generation and decline in available landfill capacity have led to rapid
increases in waste management costs. Using sewage sludge management in
coastal New York and New Jersey as an example, this paper examines optimal
multimedia waste disposal under cost uncertainty. Using expected value
variance analysis, the study looks at the effects on the optimal disposal
strategy of uncertainty associated with waste management cost and the
community s risk preferences. The results indicate that, based on available
cost data, the optimal strategy of a moderately risk averse decision maker is
to manage sludge through land based facilities. These results hold over a
wide range of risk aversion parameters and even at low levels of cost
uncertainty. Thus, the Ocean Dumping Ban Act of 1988 is consistent with such
results.
Di, Jin and Hauke L. Kite-Powell (1995). Environmental Liability, Marine
Insurance and An Optimal Risk Sharing Strategy for Marine Oil
Transport. Marine Resource Economics, 10(1):1-19.
Recent changes in the U.S. liability regime for oil pollution damage are
precipitating a potential insurance crisis for oil carriers operating in U.S.
waters. While liability rules can be useful in causing the oil transport
industry to internalize the costs of oil pollution, unlimited liability
combined with uncertainty in damage valuation can result in great costs to
society, including the possible disruption of oil supplies. We formulate a
model to determine an optimal level of risk-sharing for oil pollution damage
between the public and the foreign tanker industry, and show how a socially
optimal limit to liability can be determined.
Di, Jin, Eric Thunberg, Hauke L. Kite-Powell, and Kevin Blake (2000). Total
Factor Productivity Change in New England Fisheries: 1964-1993. Draft
Report, Marine Policy Center, Woods Hole Oceanographic Institution,
Woods Hole, February, 42 pp.
New England fisheries have experienced dramatic changes in management
institutions and instruments during the past 30 years. The recent collapse of
several important commercial fish stocks has heightened public debate over
fisheries management. We develop estimates of total factor productivity (TFP)
change in New England fisheries form 1964 to 1993, suing a procedure similar
to Squires (1992) method, which extends standard TFP measurement by including
the effect of fluctuations in open access fish stocks. The results indicate
that TFP increased on average by 4.8 percent per year from 1964 to 1993. A
higher average rate of increase was achieved from 1964 to 1983, possibly due
to new technologies (e.g., fish finders). TFP declined at 0.12 percent
annually from 1984 to 1993, due to str4ingent output and effort control
measures. A healthy level of resource stocks is a preconditi8on for sustained
productivity growth in the fishing industry. Failure to consider the stock
factor in an open access resource industry can cause policies intended to
promote productivity growth to drive the stock to extinction. To achieve
productivity growth while maintaining a sustainable stock level, it si
necessary to reduce fleet size.
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