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

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information.<br />

Griffin, Wade L., Linda A. Jensen, and Charles M. Adams (1983). "A<br />

Generalized Budget Simulation Model for Fishing Vessels." TAMU-<br />

SG-83-203, Marine Information Service, Sea Grant College Program,<br />

Texas A&M University, College Station, Texas, January, 113 pp.<br />

The Vessel Budget Simulator System (VBSS) enables a user to select and<br />

equip a vessel to be operated in any fishing ground normally frequented by<br />

U.S. owned vessels. The physical flow <strong>of</strong> inputs into the production process<br />

aboard a vessel is simulated to produce the information required for financial<br />

reports. This system consists <strong>of</strong> two programs; a data management program<br />

(DMP) in COBOL that is used to create and update direct access (D-A) physical<br />

inventory files and a budget simulation program (BSP) in FORTRAN that performs<br />

all operational procedures. Part 1 <strong>of</strong> the manual describes the use <strong>of</strong> the DMP<br />

while Part 2 describes the use <strong>of</strong> the BSP.<br />

Griffin, Wade L., Ronald D. Lacewell, and Wayne A. Hayenga (1974).<br />

"Estimated Costs, Returns, and Financial Analysis: Gulf <strong>of</strong> Mexico<br />

Shrimp Vessels." Marine Fisheries Review, 36(12):1-4.<br />

This report results from an economic evaluation <strong>of</strong> shrimp landings in<br />

the Gulf <strong>of</strong> Mexico based on data available from the National Marine Fisheries<br />

Service and is intended for financial institutions, shrimp vessel owners, and<br />

prospective shrimp vessel owners. The first part <strong>of</strong> this report indicates<br />

costs and returns <strong>of</strong> shrimp vessels in 1971. The second part is an investment<br />

analysis including cash flow and rate <strong>of</strong> return on a shrimp vessel entering<br />

the Gulf shrimping fleet. The last section reflects cost changes in the base<br />

1971 data to account for cost levels experienced in early 1974.<br />

Griffin, Wade L., Ronald D. Lacewell, and John P. Nichols (1976).<br />

"Optimum Effort and Rent Distribution in the Gulf <strong>of</strong> Mexico Shrimp<br />

Fishery." American Journal <strong>of</strong> Agricultural Economics Nov:644-652.<br />

Traditional methods used to estimate fishing effort that maximize rent<br />

to an open access resource have almost universally assumed all costs are<br />

directly proportional to effort. When crews receive a fixed share <strong>of</strong> gross<br />

returns, labor costs are proportional to catch. Hence, rent accrues to crews<br />

as well as vessel owners under limited entry. A model that allows costs to be<br />

proportional to effort and catch is applied to the Gulf <strong>of</strong> Mexico shrimp<br />

fishery. This study indicates that traditional analysis would result in<br />

management schemes that overtax vessels and ignore rent accruing to crews.<br />

Griffin, Wade L., J. Nichols, and Ronald D. Lacewell (1973). "Trends in<br />

Catch/Effort Series: Gulf <strong>of</strong> Mexico Shrimp Fishery." Project<br />

Number 03-3-042-19, Department Technical Report Number 74, Texas<br />

Agricultural Experiment Station, Texas A&M University, December,<br />

85 pp.<br />

The objective <strong>of</strong> this study is to determine time series relationships<br />

for the Gulf <strong>of</strong> Mexico shrimp resource with respect to catch, effort, and<br />

catch per unit effort.<br />

Griffin, Wade L., J. Nichols, and Joe Bob Smith (1975). "Economic<br />

Analysis <strong>of</strong> Returns to Gulf <strong>of</strong> Mexico Shrimp Vessel Owners for the<br />

Period 1971-1975." Dir 75-1, SP-4, The Texas Agricultural<br />

Experiment Station, Texas A&M University System, College Station,<br />

Texas, July.<br />

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