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

Project No. NA37FF0053-01, National Marine Fisheries Service, St.
Petersburg, FL, February, 50 pp.
This project estimates standardized effort in the Gulf of Mexico shrimp
fishery. Specifically, it develops a method to estimate standardized effort
from the vessel operating units files and the interviewed shrimp landings
file, develops a method to expand days fished from the interviewed shrimp
landings files to the total landings files, and characterizes the historical
trends of the shrimp fishery relative to vessel configuration, nominal effort
(nominal days fished) and standardized effort.
Griffin, Wade L. and Sayra G. Thacker (1994). "Combined Indoor/Outdoor
Red Drum Aquaculture: A Stochastic Sensitivity Analysis." Journal
of Applied Aquaculture, 4(3):1-22.
Stochastic sensitivity analysis was used to examine a combined indoor
fingerling and outdoor grow-out red drum aquaculture facility. Three
important biological and three important economic factors were varied
individually to determine the chance of survival (farm does not go bankrupt),
and chance of economic success (net present value greater than zero). Because
individuals have a different preference for risk, an investor must determine
his own required rate of return (RRR) for his investment. For this reason,
chances of economic success ranging from 5 to 20% are given in the results.
If an investor's RRR is below 10%, he has a better chance of achieving
economic success if the farm is 100% equity financed. If his RRR is greater
than 10%, he has a better chance of achieving economic success if the farm is
50% equity financed. Finally, management capabilities have a tremendous
impact on chances of economic success.
Griffin, Wade L. and N.J. Wardlaw (1974). "Economic Analysis of Costs
and Returns of Gulf of Mexico Shrimp Vessels: 1973." Final
report, Contract No. 03-4-042-18, National Marine Fisheries
Service, NOAA, U.S. Dept. of Commerce, September, 107 pp.
This study develops a vessel classification system, evaluates each
vessel class with respect to costs and returns, determines break-even
quantities of shrimp landed for each class, investigates the implications of
price changes for each class, and determines the optimal vessel configuration
with respect to profitability.
Griffin, Wade L. and N.J. Wardlaw (1975). "Economic Analysis of Costs
and Returns of Gulf of Mexico Shrimp Vessels: 1973." Departmental
Technical Report Number 74-3, Texas Agricultural Experiment
Station, Texas A&M University, College Station, Texas, 43 pp.
Throughout the Gulf shrimp fleet there is a wide range in vessel size,
construction, power, and capability. There is also a wide range of variable
costs, fixed costs, investment requirements, and profitability associated with
the various vessel configurations. The overall objectives of this study,
using 1973 data, are to (1) develop a vessel classification system, (2)
evaluate each vessel class with respect to costs and returns, (3) determine
break-even quantities of shrimp landed for each class, (4) investigate the
implications of price changes for each class, and (5) determine the optimal
vessel configuration with respect to returns to the owner.
Griffin, Wade L., Melvin L. Cross, and John P. Nichols (1977). "Effort
Measurement in the Heterogeneous Gulf of Mexico Shrimp Fleet."
Department Technical Report Number 77-5, Texas Agricultural
Experiment Station, Texas A&M University.
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