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

The results from graphical and two-phase regression analyses of time
series data on seafood consumption and relative prices corroborated beliefs
that preferences for seafood strengthened in response to medical evidence that
seafood promotes nutrition and health. The graphical analyses revealed steady
increases in per capita consumption of seafood since the 1960's despite
concurrent increases in the price of seafood relative to income, to all foods,
and to the prices of other meats. Also, the mid-1960's and mid-1980's
appeared to mark periods of accelerated change. Two-phase regression analyses
of reduced form models of both per capita consumption and the price of seafood
quantified these apparent trends and identified points of accelerated change.
Some implications of these results for specifying demand models, for
estimating consumer benefits, and for projecting fishing pressure on wild
stocks were highlighted.
Edwards, Steven F. (1990). "An Economics Guide to Allocation of Fish
Stocks Between Commercial and Recreational Fisheries." NOAA
Technical Report NMFS 94, Nov.
The increasingly intense competition between commercial and recreational
fishermen for access to fish stocks has focused attention on the economic
implications of fishery allocations. Indeed, one can scarcely find a
management plan or amendment that does not at least refer to the relative food
and sport values of fish and to how expenditures by commercial and
recreational fishermen on equipment and supplies stimulate the economy.
However, many of the arguments raised by constituents to influence such
allocations, while having an seemingly "economics" ring to them, are usually
incomplete, distorted, and even incorrect. This report offers fishery
managers and other interested parties a guide to correct notions of economic
value and to the appropriate ways to characterize, estimate, and compare
value. In particular, introductory material from benefit-cost analysis and
input-output analysis is described and illustrated. In the process, several
familiar specious arguments are exposed.
Edwards, Steven F. (1991). "A Critique of Three "Economics" Arguments
Commonly Used to Influence Fishery Allocations." North American
Journal of Fisheries Management, 11(2):121-130.
Three familiar "economics" arguments commonly used by commercial
fishermen and anglers to influence fishery allocations are specious in the
context of fishery valuation. The "market argument" and the "revenues
argument" are based on incorrect notions of economic value and are focused on
purely financial matters such as expenditures and revenues instead of on
consumer and producer surpluses. In contrast, the "cumulative-value argument"
sometimes addresses correct notions of economic value, but the values of
commercial and sport fisheries are not properly compared. A conceptually
correct benefit-cost analysis of allocation between the two fisheries is
illustrated.
Edwards, Steven F. (1994). "An Economics History of U.S. Fisheries and
Their Management." Draft report, Northeast Fisheries Science
Center, National Marine Fisheries Service, Woods Hole, MA.
The history of fisheries management in the U.S. and its implications for
the future. Five case studies are presented, including Gulf of Mexico shrimp,
and conclusions are drawn based on the success of fisheries management in
these fisheries. Overall, a bleak future is predicted for the fishing
industry.
Edwards, Steven F. (1994). "Beyond ITQs." Position Paper presented at
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