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

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economic analysis and to provide a coherent economic argument for politicians,<br />

bureaucrats, and the public. The problem arises because <strong>of</strong> the fragmentation<br />

in the legal and political setting within which economic analysis is conducted<br />

and the fact that these different entities have different viewpoints and adopt<br />

different guidelines.<br />

Hanna, Susan S. ( (1994). Co-management. In Karyn L. Gimbel (ed.) Limiting<br />

Access to Marine Fisheries: Keeping the Focus on Conservation, Center<br />

for Marine Conservation and the World Wildlife Fund, Washington, D.C.<br />

Successful common property resource management systems are based on<br />

effective control. Effective control <strong>of</strong> the exploitation <strong>of</strong> natural resource<br />

systems is <strong>of</strong>ten extremely difficult to obtain due to underlying ecological<br />

uncertainty, resource scale, heterogeneity <strong>of</strong> users, diverse objectives, high<br />

coordination and enforcement costs, and a lack <strong>of</strong> understanding about<br />

organizational structure and process. These difficulties <strong>of</strong>ten lead to<br />

attempts to manage by technical expertise to obtain efficient solutions.<br />

Co-management, as power sharing between government agencies and user groups,<br />

is a mechanism for realizing effective control. Co-management extends beyond<br />

the efficiency objective to encompass legitimacy and equity. Structuring comanagement<br />

requires investment in human capital <strong>of</strong> scientists, decision<br />

makers, and user groups to build required skills <strong>of</strong> coordination and<br />

negotiation. The history <strong>of</strong> a fishery and its existing institutions-both<br />

formal and informal-influence the probability <strong>of</strong> co-management success. This<br />

paper focuses on the benefits and costs <strong>of</strong> co-management; its necessary<br />

conditions as well as its vulnerabilities. Some key aspects <strong>of</strong> building a comanagement<br />

process are identified and compared to other management processes.<br />

Hannesson, Rognvaldur (1974). Economics <strong>of</strong> Fisheries: Some Problems <strong>of</strong><br />

Efficiency. Studentlitteratur, Lund, Sweden.<br />

Thesis focusing on <strong>fisheries</strong> <strong>economics</strong> in general and the North Atlantic<br />

cod and the fishing limits controversy in particular.<br />

Hannesson, R. (1975). "Fishery Dynamics: A North Atlantic Cod Fishery."<br />

Canadian Journal <strong>of</strong> Economics, 8(2):151-173.<br />

First, the optimal harvesting <strong>of</strong> a single cohort is discussed, assuming<br />

that a unit <strong>of</strong> fishing effort always removes a constant proportion <strong>of</strong> the fish<br />

stock. Discounting is shown to imply a longer fishing season, and only in<br />

special cases should the stock be depleted to an uneconomic level as quickly<br />

as possible. Then the relative merits <strong>of</strong> periodic and sustained fishing <strong>of</strong> a<br />

stock consisting <strong>of</strong> several cohorts are studied by simulating a Beverton-Holt<br />

model <strong>of</strong> a cod fishery. The impact <strong>of</strong> cost, discounting, and natural<br />

fluctuations on the time-pattern <strong>of</strong> fishing is discussed, as well as the<br />

practicability <strong>of</strong> periodic fishing.<br />

Hannesson, Rognvaldur (1978). Economics <strong>of</strong> Fisheries, An Introduction.<br />

Universitetsforlaget, Begen, Columbia University Press, New York.<br />

An introductory text in <strong>fisheries</strong> <strong>economics</strong> using comparative statics.<br />

Hannesson, R. (1983). "Bioeconomic Production Function in Fisheries:<br />

Theoretical and Empirical Analysis." Can. J. fish. Aquat. Sci.<br />

40:968-982.<br />

The traditional fishing effort approach to <strong>fisheries</strong> <strong>economics</strong> implies<br />

the existence <strong>of</strong> a production function with fishing effort and fish abundance<br />

as independent variables. The existence <strong>of</strong> bionomic equilibrium depends on<br />

2 7 7

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