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

Technical Consultation on the Precautionary Approach to Capture
Fisheries (TCPA), FAO Scientific Meeting, Lysekil, Sweden, June, 22 pp.
This document reviews technology adopted by the fishing industry. It
explains how technology required to comply with international conventions has
been further developed and adopted, on a voluntary basis, by the industry. It
is suggested that to assess risks and reduce uncertainty, a thorough analysis
should be made of the world s fleets of fishing vessels and fishing gear; that
there should be a standard method for the measurement and classification of
fishing vessels and gear; and that fleet restructuring policies should be
elaborated on the basis of a full understanding of technology required for the
implementation of conservation and management measures (if they are to be
effective) as well as to benefit industry. The document concludes that
requirements for the adoption of technology, or developments thereof, should
be incorporated in legislation.
Fitzpatrick, John and Chris Newton (1998). Assessment of the World s Fishing
Fleet 1991-1997. Greenpeace International, January.
The expansion in the size and capacity of the world s fishing fleets, as
noted by the FAO 1995 State of World Fisheries and Aquaculture, has continued
to increase over the period 1991 - 1996. A slow down in new additions
occurred in 1995 and 1996. In 1997, the orders for new vessels show a return
to construction of vessels with large tonnage. Throughout the period,
additions to the world s fleet continue to exceed deletions. In this
connection, there is evidence that the fishing fleets are not being
restructured, that capacity is not being effectively reduced, and that states
with open registers are increasing their capacity.
Flaaten, Ola (1991). "Bioeconomics of Sustainable Harvest of Competing
Species." Journal of Environmental Economics and Management,
20:163-180.
The concept of maximum sustainable yield frontier (MSF) is applied to a
Gause model of competing species. Maximizing the present value of economic
rent under costless harvesting with positive discount rate implies optimal
stock levels below the locus of MSF stocks. Maximizing economic rent with
positive harvesting costs and zero discount rate implies optimal stock levels
above the locus of MSF stocks. It is shown how the optimal steady state stock
levels are altered by changes in the exogenous discount rate, harvest prices,
and harvest costs. Optimal harvesting might imply harvesting of one of the
two species at a loss.
Flaaten, Ola, Knut Heel, and Kjell G. Salvanes (1995). "The Invisible
Resource Rent in Limited Entry and Quota Managed Fisheries: The
Case of Norwegian Purse Seine Fisheries." Marine Resource
Economics, 10(4):341-356.
This paper tests empirically to what extent the rent in a limited entry
and quota managed fishery is capitalized in the value of a vessel license.
This is done by comparing the profitability of Norwegian purse seine vessels
that received their licenses for free, to the profitability of vessels whose
licenses were purchased along with the vessel. In a sample of forty three
vessels, thirty one had obtained their licenses for free when the licensing
system was introduced in 1973, whereas twelve owners had bought licensed
vessels later. Costs and earnings data for 1983 and 1984 show that those
vessels that received free licenses have a significantly higher profitability
than the other vessel group. The main reason for this is that the owners who
bought licensed vessels had the highest capital costs. Policy implications of
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