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

incremental changes in fish numbers, then use of average estimates may lead to
an incorrect policy decisions. ?the objective of this analysis is to estimate
the marginal value of a steelhead trout in a recreational fishery on the John
Day River of Oregon. The study uses contingent valuation procedures to elicit
willingness to pay estimates for improvements in fish numbers and success
rates. For the anglers in this survey, the value of an additional steelhead
is $6.65 under current catch conditions. This value is much lower than values
currently used in public debates in the Pacific Northwest, but similar to some
marginal values reported in the recent literature. Implications of these
values relative to average values are discussed.
Johnson, Ronald N. (1996). "Implications of Taxing Quota Value in an
Individual Transferable Quota Fishery." Marine Resource Economics,
10(4):327-340.
Taxing pure rents is usually considered the least distortionary method
for raising revenues. In the literature on fishery economics, the term rent
is regularly employed, suggesting that pure rents exist in that sector.
Indeed, with the recent development of individual transferable quotas, the
resulting market value of quota has been treated as reflecting pure resource
rents. In this paper, the view that the market value of quota represents a
pure rent that can be readily extracted in a nondistortionary manner by the
taxing authority is challenged because that argument ignores both economic
incentives and political realities.
Johnson, Ronald N. (1996). "Implications of Taxing Quota Value in an
Individual Transferable Quota Fishery: Reply." Marine Resource
Economics, 11(2):129-130.
A reply to Grafton (1996) comments on the original article. Major
points of disagreement are on the governments role in capturing resource rents
generated by ITQ management programs.
Johnson, Ronald N. and Gary D. Libecap (1982). "Contracting Problems
and Regulation: The Case of the Fishery." The American Economic
Review, 72(December):1005-1022.
This paper addresses why fisheries retain common property aspects with
overcapitalization and excessive labor input given the large and growing
literature on the persuasiveness of the economic efficiency criteria. The
failure of the regulatory response to address these problems is also
addressed.
Johnson, Terry (1996). "Changing Fisheries of the Russian Far East."
Marine Resource Economics, 11(2):131-135.
Compared to the mature and relatively orderly fisheries of the U.S., the
Russian Far East (FRE) industry is in a period of rapid and dramatic change.
The new Russian entrepreneurs are breaking into markets previously controlled
by Americans, and this is affecting prices paid for some products, such as
king crab and halibut. On the other hand, change has not come as quickly as
some observers had predicted, and the effects of Russian salmon on world
markets, for example, has so far been less than many had expected. The huge
and gradually more affluent domestic market is absorbing much of the FRE s
fisheries output. Russian industrialists will continue to pour cash into the
fisheries as long as the fisheries continue to produce attractive returns, and
at present it seems that will be the case for some time to come.
Johnston, Richard S. (1990). "International Issues in Valuation of
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