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

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costs and returns survey data are available. The methodology is transferable<br />

to other <strong>fisheries</strong> that have previous cost surveys.<br />

Furlong, William J. (1991). "The Deterrent Effect <strong>of</strong> Regulatory<br />

Enforcement in the Fishery." Land Economics, 67(1):116-129.<br />

The common property problem derives from the incompatibility <strong>of</strong><br />

individual incentives with collective interests. In the fishery this<br />

incompatibility results in a greater than optimum stock depletion.<br />

Authorities have responded to overfishing with a cornucopia <strong>of</strong> regulations.<br />

In practice, most <strong>of</strong> the widely employed regulations are not self-enforcing;<br />

enforcement costs must therefore be incurred. The purpose <strong>of</strong> the present<br />

study is to investigate the deterrent effect <strong>of</strong> regulatory enforcement in the<br />

fishery. In particular, estimates <strong>of</strong> the so called "supply <strong>of</strong> <strong>of</strong>fenses: are<br />

obtained with observations <strong>of</strong> individual behavior drawn from a random survey<br />

<strong>of</strong> fishermen. The study focuses upon the response <strong>of</strong> violation rates to<br />

changes in different enforcement sanctions. Insight into the relative<br />

effectiveness <strong>of</strong> alternative enforcement tools may lead to a more efficient<br />

regulatory policy.<br />

Galbraith, R.D. and P.A.M. Steward (1995). Bio-Economic Modelling Workshop. <br />

In, Bio-Economic Modelling in the EU, Concerted Action Coordination <strong>of</strong><br />

Research in Fishery Economics, Working Document Nr: 7,(AIR CT94 1489),<br />

Workshop, Edinburgh, October: 148-158.<br />

In the light <strong>of</strong> current concerns with over-exploitation <strong>of</strong> traditional<br />

stocks, past and present definitions <strong>of</strong> fishing effort are discussed and the<br />

concepts <strong>of</strong> fishing time and fishing power in relation to vessel parameters<br />

and gear performance examined. Proposals are set out on how gear size might<br />

be monitored and current research projects are briefly discussed.<br />

Gallastegui, Carmen (1983). "An Economic Analysis <strong>of</strong> Sardine Fishing in<br />

the Gulf <strong>of</strong> Valencia (Spain)." Journal <strong>of</strong> Environmental Economics<br />

and Management, 10:138-150.<br />

The optimal management <strong>of</strong> a particular fishery is illustrated. Using<br />

data describing previous fishery exploitation, relevant biological and<br />

economic relationships are estimated, then the optimum levels <strong>of</strong> catches,<br />

effort, and stock are calculated. The prices that if implemented, would<br />

ensure the current efficient exploitation <strong>of</strong> the fishery are also calculated.<br />

Finally, the welfare gains that can be achieved by a movement from the free<br />

market equilibrium to the socially optimum solution are demonstrated.<br />

Gallaway, B.J. and W.J. Gazey (1996). A Review <strong>of</strong> the Goodyear (1995) Red<br />

Snapper Stock Assessment. Report prepared for presentation to Gulf <strong>of</strong><br />

Mexico Fishery Management Council, Lincoln Center, Suite 331, 5401 W.<br />

Kennedy Blvd., Tampa, FL, August, 45 pp.<br />

A review <strong>of</strong> Goodyear s (1995) red snapper stock assessment that suggests<br />

that environmental factors were not adequately addressed; specifically the<br />

hypoxic zone <strong>of</strong>f <strong>of</strong> Louisiana and the impact <strong>of</strong> oil platforms on aggregation<br />

<strong>of</strong> red snappers. Also, mortality rates for age 0 and age 1 fish are set too<br />

low in Goodyear s analysis. His conclusions that variation <strong>of</strong> the natural<br />

mortality rates would not change the results based on a sensitivity analysis<br />

using conditional survival rates from fishing are misleading. A broader<br />

assessment is suggested that includes fishery, oceanographic, and habitat<br />

submodels. Goodyear (1996) refutes this review <strong>of</strong> the assessment.<br />

Gallaway, B.J., J.D. Bryan, L.R. Martin, and J.G. Cole (1995).<br />

Sea Turtle<br />

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