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

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etween landings and prices and the large overcapacity in world fishing<br />

fleets. It provides a review <strong>of</strong> the state <strong>of</strong> world fishery resources,<br />

globally, by region and species groups, as well as a brief account <strong>of</strong><br />

environmental impacts on <strong>fisheries</strong>. It presents an economic perspective for<br />

world <strong>fisheries</strong> which underlines further the overcapacity and subsidy issues<br />

that characterize modern <strong>fisheries</strong>. In conclusion, it discusses management<br />

issues including the need for fleet reduction policies, the potential combined<br />

effect <strong>of</strong> international trade on resources depletion in developing exporting<br />

countries, throwing into question the overall sustainability <strong>of</strong> the world<br />

fishery system.<br />

Gardner, Bruce L. (1975). "The Farm-Retail Price Spread in a Competitive<br />

Food Industry." American Journal <strong>of</strong> Agricultural Economics,<br />

57(3):399-409.<br />

Consistency with market equilibrium places constraints on the pricing<br />

policies <strong>of</strong> food marketing firms in a competitive industry. This paper<br />

examines the implications <strong>of</strong> simultaneous equilibrium in three related<br />

markets: retail food, farm output, and marketing services. From equations<br />

representing the demand and supply sides <strong>of</strong> each market, elasticities are<br />

generated that show how the farm-retail price spread changes when food demand,<br />

farm product supply, or the supply function <strong>of</strong> marketing services shifts.<br />

Implications for the viability <strong>of</strong> simple markup pricing rules and the<br />

determinants <strong>of</strong> the farmer's share <strong>of</strong> the food dollar are discussed.<br />

Gardner, M. (1988). "Enterprise Allocation System in the Offshore<br />

Groundfish Sector in Atlantic Canada." Marine Resource Economics,<br />

5(4):389-432.<br />

Following the extension <strong>of</strong> <strong>fisheries</strong> jurisdiction to 200 miles in 1977,<br />

Canada managed its Atlantic groundfish <strong>fisheries</strong> using total allowable catches<br />

and a variety <strong>of</strong> traditional controls on fishing effort. These controls were<br />

largely ineffective in resolving two <strong>of</strong> the inherent problems arising from the<br />

common property characteristics <strong>of</strong> the fishery: competitive fishing in the<br />

short run and the tendency toward overcapitalization in the long run. In 1982<br />

a system <strong>of</strong> output controls in the form <strong>of</strong> enterprise allocations was<br />

implemented in the <strong>of</strong>fshore sector <strong>of</strong> the fishery. This article describes the<br />

elements <strong>of</strong> the system and examines the changes in operating and investment<br />

behavior <strong>of</strong> the companies holding the enterprise allocations. The bundle <strong>of</strong><br />

rights incorporated in the enterprise allocation is assessed and suggestions<br />

are made on how these rights might be modified to improve gains in efficiency<br />

already achieved. A case study <strong>of</strong> the impact <strong>of</strong> the system on one vertically<br />

integrated company is presented. The merits <strong>of</strong> the system are contrasted with<br />

behavior in the inshore sector still subject to traditional input controls.<br />

Gardner, Michael (1994). "Input Controls vs. Rights-Based Management:<br />

The Political Economy <strong>of</strong> Fisheries Management in Atlantic Canada."<br />

C.M. 1994/T:53, Theme Session on Improving the Link Between<br />

Fisheries Science and Management: Biological, Social, and Economic<br />

Considerations, International Council for the Exploration <strong>of</strong> the<br />

Seas, 82 nd Statutory Meeting, St. John's, Newfoundland, Canada,<br />

September.<br />

This paper examines the Canadian experience with quota managed<br />

<strong>fisheries</strong>, reviewing institutional structures and approaches. It begins with<br />

a review <strong>of</strong> management objectives following the extension <strong>of</strong> jurisdiction and<br />

traces the nature and rationale <strong>of</strong> changes. The specific measures used to<br />

achieve objectives are examined from a theoretical and practical perspective.<br />

The measures fall into two broad categories: conventional input controls:<br />

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