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

In this paper, the problem of valuing coastal amenities are examined and
results from an empirical study in which the contingent valuation method and
hedonic price-related technique were used are presented. How data on amenity
values might be used to analyze alternative land initiatives are demonstrated.
Anderson, James E. (1974). "A Note on Welfare Surpluses and Gains From
Trade in General Equilibrium." The American Economic Review,
64(4):758-762.
The author clarifies the concept of the impact of a tariff on consumer
and producer surplus measures of gains from trade.
Anderson, James E. (1976). "The Social Cost of Input Distortions: A
Comment and A Generalization." The American Economic Review,
66(1): 235-238.
Two recent papers on the social cost of input market distortions have
committed an error in that measures of welfare loss due to an input price
distortion depending upon whether the measure is in the output or input
market. This is incorrect, as intuition surely argues, and the source of the
error lies in improper use of the Taylor's series expansion. Correcting the
error suggests a worthwhile generalization.
Anderson, James E. (1984). "Pricing Strategies for a Renewable Resource
Industry Faced with Competing New Technology: The Case of
Aquaculture and the Commercial Fishery." Agricultural Experiment
Station Contribution #2286, Department of Resource Economics,
University of Rhode Island, Kingston, Rhode Island, December.
Technological change in the form of aquaculture is becoming an important
factor in the market for several species of fish. In light of these changes,
producers in some ocean based fisheries need to evaluate their production and
pricing strategies relative to their emerging competitor aquaculture. This
paper conceptually analyses the optimal pricing/production strategy for an
ocean based fishery facing a lagged decreasing net demand resulting from the
entry of competitive aquaculturalists.
The analysis indicates that the optimal strategy consists of initially
raising price to a maximum level to earn some fast profits taking advantage of
the lagged decline in net demand. After the demand declines and natural fish
stocks are reduced such that the singular arc is reached, price is adjusted
downward to maintain the singular arc approach to the long run equilibrium.
In the long run, price will be lower, natural fish stocks will be higher, and
natural fish supply may either be lower or higher depending on the initial
position of the system and the magnitude of the net demand shift.
Anderson, James L. (1985). "Market Interactions Between Aquaculture and
the Common-Property Commercial Fishery." Marine Resource
Economics, 2(1):1-24.
Market interactions between the common property commercial fishery and
(1) competitive aquaculturists and (2) a dominant firm aquaculturist are
modeled. It is found that the entry of an competitive aquaculturist increases
natural fish stocks, reduces price, and increases total supply. If initially
the natural fish sock is at a level below maximum sustainable yield, entry of
the aquaculturist results in an increase in supply from the commercial
fishery. In the second part, the aquaculturist is modeled as a dominant firm.
In some situations, the aquaculturist behaves in a manner similar to the
competitive case, but impacts on price, fish stock, and efficiency will not be
as large. It is shown that there also exits cases where the dominant
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