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

Since 1971 conjoint analysis has been applied to a wide variety of
problems in consumer research. This paper discusses various issues involved
in implementing conjoint analysis and describes some new technical
developments and application areas for the methodology.
Green, Paul E. and Yoram Wind (1975). "New Way to Measure Consumers'
Judgments." Chapter 3 in New Product Forecasting, pages 89-108
reprinted from Harvard Business Review, (July-August).
Conjoint measurement starts with the consumer's overall or global
judgments about a set of complex alternatives and then decomposes his or her
original evaluations into separate and compatible utility scales by which the
original global judgments can be reconstituted providing a manager with the
relative importance of different product attributes.
Green, Trellis G. (1984). "Compensating and Equivalent Variation of the
Florida Saltwater Tourist Fishery." Ph.D. Dissertation,
Department of Economics, Florida State University.
The study establishes the value in recreational use of Florida's
saltwater tourist fishery, using exact Hicksian compensating and equivalent
variation methods. The Hicksian approach removes the approximating error of
Marshall's consumer surplus measures. The theoretical model underlying the
angling experience emphasizes the multipurpose mature of the tourist trip. It
is based upon a Gibbs type approach in which variable on-site cost proxies
market price and travel cost enters the budget constraint. On-site cost and
angling success rate are explicitly incorporated into a system of behavioral
relations. Some restrictive assumptions found in similar studies are relaxed
with composite goods utility. Empirical estimates for aggregated and subgroup
angling categories are made with multiple equation models of identified linear
and nonlinear specifications. There is some evidence that shore anglers might
be more and less sensitive to changes in on-site cost and success rate,
respectively. Single equation models are also used, but exhibit downward
coefficient bias. Results corroborate the findings of previous studies that
the market and nonmarket values of Florida's marine recreational fishery are
very large relative to state product and/or commercial sector activity.
Inelastic short run price and success rate elasticity is confirmed. Hicksian
methods are not shown to be significantly more accurate than most Marshallian
ones, except in the case of the direct aggregate user opinion method.
Sensitivity analysis offers policy implications supporting a marine tourist
fishing license and stock rebuilding schemes, such as bag limits for depleted
species. The unrecoverable deadweight burden to society caused by a $10
annual tourist fishing license is less than one percent of the $31 million in
direct, adjusted license revenues estimated to be forthcoming annually.
Green, Trellis G. (1989). The Economic Value and Policy Implications of
Recreational Red Drum Success Rate in the Gulf of Mexico.
National Marine Fisheries Service, MARFIN Grant No. NA87WC-H-
06146.
The author undertakes an assessment of the MRFSS data base using red
drum as a target species in a recreational fishing trip. A red drum angler
profile is provided and success elasticity is estimated and used in the
estimation of welfare benefits of red drum reallocation management measures.
A suggested policy to move the fishery closer to optimal yield is a
reallocation of red drum stocks to recreational anglers. One weakness of the
study is the lack of a comparable commercial harvest sector to base model
conclusions concerning reallocation.
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