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

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housing market data to measure the willingness to pay for clean air. With the<br />

use <strong>of</strong> a hedonic housing price model and data for the boston metropolitan<br />

area, quantitative estimates <strong>of</strong> the willingness to pay for air quality<br />

improvements are generated. Marginal air pollution damages as revealed in the<br />

housing market are found to increase with the level <strong>of</strong> air pollution and with<br />

household income. The results are relatively sensitive to the specification<br />

<strong>of</strong> the hedonic housing price equation, but insensitive to the specification <strong>of</strong><br />

the air quality demand equation.<br />

Hartley, Michael J. (1976). "The Tobit and Probit Models: Maximum<br />

Likelihood Estimation by Ordinary Least Squares." Discussion<br />

Paper Number 374, Economic Research Group, Department <strong>of</strong><br />

Economics, State University <strong>of</strong> New York at Buffalo.<br />

This paper proposes an alternative method for the calculation <strong>of</strong> the<br />

Maximum Likelihood Estimator (MLE) for the Tobit and Probit models, that<br />

resolves the difficulties with the convergence <strong>of</strong> the Gauss-Newton algorithm,<br />

has the virtue that it is computationally much simpler, and affords a unified<br />

interpretation <strong>of</strong> each <strong>of</strong> these models from the perspective <strong>of</strong> incomplete data<br />

regression models.<br />

Hartwick, John M. (1978). "Exploitation <strong>of</strong> Many Deposits <strong>of</strong> an<br />

Exhaustible Resource." Econometrica, 46(1):201-217.<br />

Given a known demand schedule for a mineral at each instant <strong>of</strong> time and<br />

many deposits with different known extraction costs per ton (different<br />

qualities) and different known sizes, how should exploitation be organized?<br />

How does an exogenous change in the size <strong>of</strong> deposit i or in the extraction<br />

costs per unit in deposit i affect the program <strong>of</strong> exploitation? These<br />

questions are investigated for the case <strong>of</strong> extraction costs constant per ton<br />

for deposit i. The comparative static analysis parallels that for a problem<br />

with many income classes in location theory.<br />

Harvey, David J. (1992). "Farmed-Raised Shrimp:Impacts on U.S. Seafood<br />

Trade." Aquaculture, Situation and Outlook Report, Department <strong>of</strong><br />

Agriculture, Economic Research Service, Aqua-8, March, 7 pp.<br />

Improvements in techniques for producing farm raised shrimp in the<br />

1980's greatly increased total supplies, which caused real prices for both<br />

domestic landings and imports to fall. With real import prices declining 25<br />

percent between 1986 and 1990, U.S. imports increased dramatically, especially<br />

from countries with expanding farm raised shrimp production. The effect <strong>of</strong><br />

these trends has been to increase U.S. shrimp supplies over 73 percent and to<br />

make shrimp imports the largest component <strong>of</strong> the trade deficit in seafood.<br />

Hashim, Ali and Jonathan Cook (1994). "Resource Rent in the Fisheries<br />

Sector." Draft, EPCS Economics Paper No. 2, Fisheries Economics<br />

and Statistics Program, Third Fisheries Project, Economic Planning<br />

And Coordination Section, Ministry <strong>of</strong> Fisheries and Agriculture,<br />

Male, Republic <strong>of</strong> Maldives, April.<br />

This study analyses the capacity <strong>of</strong> the major sectors <strong>of</strong> the Maldivian<br />

fishing industry to pay resource rent to the government in relation to its<br />

access to the country's fish resources. A major objective <strong>of</strong> the study is to<br />

provide input to a second study being undertaken under the project; Study 4<br />

that analyses the fiscal alternatives open to the government. The ability <strong>of</strong><br />

the fishing industry to meet an increased proportion <strong>of</strong> the national budget is<br />

a direct function <strong>of</strong> the pr<strong>of</strong>itability <strong>of</strong> the industry that is analyzed in<br />

some detail in this report.<br />

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