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

shows the Faustmann rule to be associated with socially optimal sustained
yield or steady state regimes. In the course of so doing, attention is placed
on the role of the shadow price of a tree in the determination of an optimal
harvesting policy.
Helvey, Mark, Stephen J. Crooke, and Peter A. Milone (1987). "Marine
Recreational Fishing and Associated State-Federal Research in
California, Hawaii, and the Pacific Island Territories." Marine
Fisheries Review, 49(2):8-14.
This paper provides an overview of marine recreational fishing within
the NMFS southwest region and briefly outlines a few of the ongoing and future
state-federal research and assistance programs addressing recreational
fishing.
Henderson, J.V. and M. Tugwell (1979). "Exploitation of the Lobster
Fishery: Some Empirical Results." Journal of Environmental
Economics and Management, 6:287-296.
This paper analyzes the optimal and free market utilization of the
lobster fishery and applies the results to two fishing areas in Canada.
Biomass relationships and a production function are estimated and the
empirical results are used to calculate hypothetical optimal fishing
solutions. The welfare losses from overutilization of the fishing areas are
examined.
Hendrickson, Holly M. and Wade L. Griffin (1993). "An Analysis of
Management Policies for Reducing Shrimp Bycatch in the Gulf of
Mexico." North American Journal of Fisheries Management,
forthcoming.
Every year the Gulf of Mexico shrimp fleet catches and discards millions
of pounds of finfish. Dwindling populations of some commercially and
recreationally valuable fish species have raised concerns over the effects of
shrimp bycatch on fish stocks. The General Bioeconomic Fisheries Simulation
model was used to estimate the changes in economic rent and bycatch of red
snapper Lutjanus campechanus, king mackerel Scomberomorus cavalla, and
Atlantic croaker Micropogonias undulatus, that would result under two fishery
management policies: Bycatch Reduction Devices (BRDs) and season/area
closures. The BRDs were found to be more effective than closures at reducing
bycatch and also less costly to fishermen. Under the BRD scenarios,
reductions in discards ranged from 20.2 to 42.5% for red snapper, king
mackerel discards fell approximately 89%, and Atlantic croaker discards fell
about 45%. Under closure policies, the change in discards ranged from a 2.1
to 15% decline for red snapper, a 1.9% increase to a 39.3% decrease for king
mackerel, and a 0.1 to 12.9% decline for Atlantic croaker. The BRD policies
produced present value 10 year rent streams (1985 US$) ranging from -$16.434
to -$27.007 million, and closure policies generated 10 year rent streams
ranging from -$35.181 to -$54.563 million.
Hendrickson, Holly M. and Wade L. Griffin (1993). "An Analysis of
Management Policies for Reducing Shrimp Bycatch in the Gulf of
Mexico." North American Journal of Fisheries Management, 13:686-
697.
Every year the Gulf of Mexico shrimp fleet catches and discards millions
of pounds of finfish. Dwindling populations of some commercially and
recreationally valuable fish species have raised concerns over the effects of
shrimp bycatch on fish stocks. The general bioeconomic fisheries simulation
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