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

selection of location characteristics were included in the regressions on
monthly rents. This article concentrates on that portion of the Boston study
that probed the influence of locational factors, and, in particular, explored
the impact of a new employment accessibility index on rents.
Gordon, Daniel V. and Rognvaldur Hannesson (1996). "On Prices of Fresh
and Frozen Cod Fish in European and U.S. Markets." Marine
Resource Economics, 11(4):223-238.
The purpose of this paper is to test for price linkages among European
France, Germany, and U.K.) and U.S. prices of whole fresh cod and frozen cod
fillets. In testing for a cointegrated system, we use both the two-stage
Engle-Granger and Johansen procedures. Short run price dynamics are measured
using an error-correction model. Based on monthly import price observations
from 1980 to 1992, the empirical results show no long run price relationships
for fresh cod between European and U.S. markets, but we do measure long run
price linkages for frozen cod fillets. Withing Europe the markets for both
fresh and frozen cod product are well integrated. The U.S. fresh cod market
is distinct and separate from European markets, while the U.S. frozen cod
market shows no short run links to European markets. There is weak evidence
for a long run international market in frozen cod fillets.
Gordon, Daniel V., Kjell G. Salvanes, and Frank Atkins (1993). "A Fish
is a Fish is a Fish? Testing for Market Linkages on the Paris Fish
Market." Marine Resource Economics, 8(4):331-343.
This paper applies both the Engle-Granger and Johansen cointegration
test procedures to determine the existence of market linkage among high valued
(salmon and turbot) and low valued (cod) fish species using monthly average
wholesale price data recorded on the Paris fish market. We find that the
price of salmon is determined exogenously to the system of prices examined and
that the market for salmon is not linked to the markets for turbot or cod.
Gordon, H. Scott (1953). "An Economic Approach to the Optimum
Utilization of Fisheries Resources." J. Fish. Res. Board Can.,
10(7):442-457.
The purpose of the paper is to approach the problems of optimum human
utilization of fishery resources from the side of one of the social scienceseconomics.
I believe that an application of some of the standard devices of
economic theory can help to clarify the objectives of conservation and
contribute to a better evaluation of control measures.
Gordon, H. Scott (1954). "The Economic Theory of a Common-Property
Resource: The Fishery." Journal of Political Economy, 62:124-42.
This paper examines the economic theory of natural resource utilization
as it pertains to the fishing industry. It will appear that most of the
problems associated with the words "conservation" or "depletion" or
"overexploitation" in fisheries are manifestations of the fact that the
natural resources of the sea yield no economic rent. Fishery resources are
unusual in the fact of their common property nature; but they are not unique,
and similar problems are encountered in other cases of common property
resource industries, such as petroleum production, hunting and trapping, etc.
Although the theory presented in the following pages is worked out in terms of
the fishing industry, it is applicable generally to all cases where natural
resources are owned in common and exploited under conditions of
individualistic competition.
2 3 2