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

Fisher, Anthony C., John Krutilla, and Charles J. Cicchetti (1972).
"The Economics of Environmental Preservation: A Theoretical and
Empirical Analysis." The American Economic Review, 62:605-619.
Krutilla has argued that private market allocations are likely to
preserve less than the socially optimal amount of natural environments.
Moreover, he concludes that the optimal amount is likely to be increasing over
time - a particularly serious problem in view of the irreversibility of many
environmental transformations. This paper extends Krutilla's discussion in
two ways. First, a model is developed for the allocation of natural
environments between preservation and development. Then, the model is applied
to the Hells Canyon issue of whether it should remain in its natural state or
be developed as a hydroelectric facility.
Fisher, Mark R. and Robert B. Ditton (1991). "Characteristics of U.S.
Tournament Billfish Anglers in the Atlantic Ocean." Draft report
submitted to Marine Fisheries Review, pp. 20.
A mail survey of 1,984 U.S. billfish tournament anglers was completed to
examine their fishing activity, attitudes, trip expenditures, consumer's
surplus, catch levels, and management preferences. A sample of 1,984 anglers
was drawn from billfish tournaments in the western Atlantic Ocean during 1989.
A response rate of 61 percent was obtained. Anglers averaged 13 billfish
trips per year, catching a billfish 40 percent of the time. Eighty-nine
percent of billfish caught were released with less than one billfish per year
per angler retained. Catch and retention rates varied by region. Expenditures
averaged $1,600 per trip, but varied by region. The annual consumers's
surplus was $262 per angler, but increased to $448 per angler if billfish
populations were to increase. An estimated 7,915 tournament anglers in the
U.S. western Atlantic spent $179 million in pursuit of billfish in 1989.
Anglers opposed management options that would diminish their ability to catch
a billfish, but supported options limiting the number of billfish landed.
Fisher, Mark R. and Robert B. Ditton (1992). "A Social and Economic
Characterization of the U.S. Gulf of Mexico Recreational Shark
Fishery." Draft report, Department of Wildlife and Fisheries
Sciences, Texas A&M University, College Station, TX 77843, July.
A mail survey of tournament shark anglers and party boat shark anglers
was completed to examine their fishing activity, attitudes, trip expenditures,
and consumer surplus. A sample of 700 shark anglers was selected from
tournaments in the Gulf of Mexico during 1990, and a sample of party boat
shark anglers was drawn from Port Aransas, Texas party boat anglers during the
summer of 1991. A response rate of 58% (excluding non-deliverables) was
obtained from tournament anglers. The sample of party boat shark anglers was
too small to provide useful results. Tournament shark anglers reported
fishing an average of 58 days per year and targeted sharks and other large
marine species. Tournaments occupy a small portion of their fishing effort.
If this group of anglers were not able to fish for sharks, one-third indicated
no other species would be an acceptable substitute, while others were willing
to substitute other large marine species. Shark trip expenditures averaged
$197 per trip with a consumer surplus of $111 per trip. Based on MRFSS
estimates of the number of shark fishing trips, we estimate a total of $43
million was spent by shark anglers in the Gulf of Mexico with a consumer
surplus of $24 million for a gross value of the shark fishery of $66 million.
MRFSS estimates of the number of sharks landed indicate an equivalent use
value of $183 per shark. Logit model results appear incorrect, no explanation
of consumer surplus derivation is given, no underlying economic model is
provided.
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