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

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

Sector." Draft, EPCS Economics Paper No. 6, 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, November, 19 pp.<br />

Fisheries in many countries have been demonstrated to generate super<br />

normal pr<strong>of</strong>its in either the short or long run. In the short run, such<br />

pr<strong>of</strong>its may be realized when a new fishery is developed and there are<br />

consequently few boats fishing a relatively large resource. In an open access<br />

fishery, these rents are normally dissipated as more vessels enter the fishery<br />

and catch per unit effort (CPUE) falls. If, however, the resource is large<br />

and/or effort is limited by government regulation, super normal pr<strong>of</strong>its may<br />

continue in the long run. In this case, the government may appropriate some<br />

<strong>of</strong> these pr<strong>of</strong>its as a 'resource rent'; a payment by users for the use <strong>of</strong> a<br />

common property resource. Examples, are widely found in the mining sector,<br />

where the minerals are owned by the government and companies are granted<br />

extraction rights in return for a royalty or rent.<br />

Haspel, Abraham E. and F. Reed Johnson (1982). "Multiple Destination<br />

Trip Bias in Recreation Benefit Estimation." Land Economics,<br />

58(3):364-372.<br />

This study examines the consequences <strong>of</strong> multiple destination trips on<br />

travel cost estimates <strong>of</strong> benefits, suggests a means <strong>of</strong> correcting the bias<br />

that arises under such circumstances, and obtains nearly identical value<br />

estimates from the travel cost method and from a direct question on<br />

willingness to pay. The magnitude <strong>of</strong> multiple destination bias is illustrated<br />

and possible solutions to this problem are considered using itinerary<br />

information from visitors to Bryce Canyon National Park.<br />

Hatch, Upton and Chien Feng Tai (1997). "A Survey <strong>of</strong> Aquaculture<br />

Production Economics and Management." Aquaculture Economics and<br />

Management, 1(1): 1-15.<br />

The <strong>literature</strong> on production <strong>economics</strong> and management <strong>of</strong> fish culture<br />

has grown as aquaculture has matured as a commercial industry. Salmon,<br />

catfish, shrimp, and trout are the focus <strong>of</strong> this <strong>literature</strong> survey as a<br />

reflection <strong>of</strong> the volume <strong>of</strong> research that has been completed on these species<br />

and their importance in U.S. production and world trade. In addition, a<br />

discussion <strong>of</strong> low resource production systems is included that is dominated by<br />

tilapia and carp culture systems. A brief overview <strong>of</strong> the principles <strong>of</strong><br />

aquaculture production <strong>economics</strong> and management is presented followed by a<br />

review <strong>of</strong> economic studies.<br />

Hatch, Upton, R. Agbayani, and E. Belleza (1996). "Economic Analysis <strong>of</strong><br />

Prawn (Penaeus monodon) Culture in the Philippines, II: Grow-out<br />

Operations." Asian Fisheries Science, 9: 127-141.<br />

The dramatic fall in prawn prices coupled with environmental concerns<br />

has resulted in a relative stagnation <strong>of</strong> prawn grow-out operations in the<br />

Philippines. The sector recently experienced a lack <strong>of</strong> direction and growth,<br />

combined with crowded watersheds, excessive use <strong>of</strong> water bodies, overuse <strong>of</strong><br />

groundwater and continued destruction <strong>of</strong> mangrove. A field survey <strong>of</strong> prawn<br />

growers conducted in 1992 was used to develop economic estimates for<br />

representative production systems: intensive, semi-intensive, extensive, and<br />

prawn-milkfish rotation. Existing intensive facilities can be operated<br />

efficiently and pr<strong>of</strong>itably, but new intensive operations will most likely need<br />

to include water treatment capabilities for water entering and exiting grow-<br />

2 8 6

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