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

Appropriate Economic Measures for Valuation." Marine Fisheries
Review, 49(3):29-33.
This paper discusses decision making by fishery managers and economists'
efforts to model fisheries. Arguments and casual evidence are presented to
suggest that distributional issues matter to managers. The paper concludes
with a practical measure suggested as a means of achieving efficiency goals
while simultaneously resolving conflicts between competing harvesting groups.
Easley, J.E., Jr., and Walter N. Thurman (1993). "Valuation of
Commercial Harvests: Practical Considerations for Fishery
Management of the General Equilibrium Derived Demand and a Recent
Application." Presented at the International Conference on
Fisheries Economics, Os, Norway, May 26-28.
This paper focuses on multimarket welfare analysis in markets other than
the vessel sector of a species in question and subject to a change in
regulation. The technique to be applied is the general equilibrium (GE) or
multimarket derived demand surplus analysis. The derived demand conceptual
framework was developed by Hicks (1963) and by Diewert (1971). The Welfare
significance of general equilibrium surplus areas was established by Just,
Hueth, and Schmitz (1982). The analytical base for measurement of welfare
effects in horizontally related markets (e.g. species other than the one being
subjected to reduced harvests, and which substitute in production for the
given species), and an early application to a fishery are discussed in Thurman
and Easley (1992). The next section briefly sketches out the conceptual
framework for estimating multimarket effects in a single market (e.g., the
vessel level). Following this conceptual section, we present results from
applying the GE derived demand model to the North Carolina flounder fishery.
Easley, J.E., Jr., Chuck Adams, Walter N. Thurman, and Joel Kincaid
(1993). "The Derived Demand for Commercially Harvested Gulf and
South Atlantic King Mackerel: Partial and General Equilibrium
Models." Project Report to the Gulf of Mexico Fishery Management
Council, March 29, 42 pp.
This study estimates both partial and general equilibrium demand models
for the commercial king mackerel fishery using monthly, vessel level data
covering the 1977-1991 time period in the Gulf of Mexico and south Atlantic
regions. Estimated changes in consumer welfare given hypothetical shifts in
commercial king mackerel harvest allocations are provided.
Easley, J.E., Jr., V. Kerry Smith, Michael K. Wohlgenant, and Walter N.
Thurman (1989). "Allocating Recreational - Commercial Fishery
Harvests: Literature Reviews and Preliminary Work Toward Modeling
the Issue." Executive Summary, Final Report Submitted to the Gulf
and South Atlantic Fisheries Development Foundation, Inc.,
GASAFDFI No. 37-09-28750/6000, NMFS Award No. NA88-WC-H-06070,
March 24, 20 pp.
This project has reviewed the fishery economics literature relevant to
valuing harvests in an allocation model. It also presents results of early
exploration into many of the issues that will have to be addressed in
developing a derived-demand based model for allocation of commercial and
recreational harvests. At this point, we are optimistic that such a model can
in fact be developed as a guide to economists and managers; however, much
remains to be modeled and refined before an allocation model can be applied.
Eckert, R. (19??). The Enclosure of Ocean Resources. Chapters 1 and 2.
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