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

vessel and gear restrictions; and, output controls: tradable and non-tradable
enterprise/individual quotas. The experience indicates that input controls
are largely ineffective in constraining effort. These measures fail to
address the common property characteristics of the resource and consequently
failed to blunt the incentives for share maximization and increased
capitalization. These in turn lead to overfishing and misreporting, thereby
undermining management objectives. Output controls fare better in
constraining effort. They lead to fleet rationalization and improved quality
and flow of raw material to processing facilities. But they may also lead to
highgrading and discarding, as quantity incentives give way to unit value
incentives under the rights based regime. Some of the early failures and more
recent successes of policy are outlined, lessons are drawn and suggestions
made about future directions.
Garnaut, Ross and Anthony Clunies Ross (1975). "Uncertainty, Risk
Aversion and the Taxing of Natural Resource Projects." The
Economic Journal, (June):272-287.
Whatever national benefit is to be derived from natural resources must
come mainly through taxation. This paper analyses the problem and suggests an
approach which appears to do less to reduce efficiency in the use of resources
than any alternative taxation system.
Gaski, Andrea I. and Sonja Fordham (1996). Trade in Elasmopbranchs. The
TRAFFIC Network and the Center for Marine Conservation, Washington,
D.C., June, 2 pp.
The international trade in elasmobranchs (sharks) is under study by the
World Wildlife Fund and the Center for Marine Conservation which will produce
an overview trade report in November.
Gately, Dermot (1984). "A Ten-Year Retrospective: OPEC and the World
Oil Market." Journal of Economic Literature, 21:1100-1114.
This paper reviews the main events in the world oil market since 1973
and some major explanations as to what happened and why. Then there is a
discussion of some projections for the next two decades and of some
implications of various theories about OPEC's decision making process. What
we learned about modeling OPEC and the world oil market is then summarized.
This includes: the dominant theoretical approach based on the wealth
maximization model of Harold Hotelling (1931); the simulation approach most
common in the applied literature, that envisages target capacity utilization
pricing by OPEC; and the difficult problem of modeling price behavior during
disruptions. Finally, some important unresolved theoretical and empirical
issues are discussed.
Gates, John M. (1974). "Demand Price, Fish Size and the Price of Fish."
Canadian Journal of Agricultural Economics, 22(3):1-12.
Despite considerable work in fisheries economics on the supply side,
little attention has been devoted to theoretical aspects of the relationship
between ex-vessel price and landings. One of the widely recognized
determinants of fish prices is fish size, yet virtually all empirical analyses
of the demand for fish ignore fish size. In this paper a demand function is
postulated that includes fish size as a continuous demand shift parameter and
the implications of fish size to the relationship between price and quantity
are examined. It is concluded that bioeconomic models of the fishery that
ignore fish size may yield policy conclusions that are quantitatively and, in
some cases, qualitatively inaccurate.
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