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

Commercial Fisheries." Draft report in Kearney/Centaur (1990).
"Evaluation and Demonstration of Valuation Methodologies
Applicable to Sport and Commercial Fisheries." Draft report,
Alexandria, VA.
Events in international markets can have enormous consequences in
domestic markets and may importantly affect the relationship between fish
landings and marginal net economic value. Attempts to implement the equimarginal
rule may require reallocation in response to those events. Failure
to recognize interdependencies between international trade policy and resource
management may lead to unexpected results. Collaboration between fishery
managers and trade policymakers may reduce this problem. Whether or not the
equi-marginal principle, as a norm, is adopted by fishery managers who must
consider political and other "non-economic" criteria, it may offer guidance
for potentially useful research. For fishery managers, this suggests a better
understanding of the markets into which the resources they manage move.
Johnston, Richard S. (1992). Fisheries Development, Fisheries Management,
and Externalities. Discussion Paper No. 165, The World Bank, 1818 H.
Street, NW, Washington, D.C.
Because of the externalities that exist within fisheries and between
fisheries and other sectors of the economy, fishery management may be an
important component of a fishery development strategy. Recognizing that there
may be gains from internalizing externalities within the fishery may
contribute significantly to meeting the goals of fishery development. Also
recognizing the interdependencies with other sectors of the economy may
prevent unanticipated consequences from the adoption of fishery development
strategies. A development policy that looks at the potential contribution of
the fishery to the entire economy and considers development from that
perspective, rather than from a solely fishery point of view, should minimize
frustration and increase the chances of achieving development goals.
Johnston, Richard S. and James R. Wilson (1987). "Interdependencies
Among Fisheries Management, Fisheries Trade, and Fisheries
Development: Experiences with Extended Jurisdiction." Marine
Fisheries Review, 49(3):45-55.
This paper discusses the new environment created by the passage of the
Magnuson fisheries Conservation and Management Act (MFCMA) and what it means
for the development and management of U.S. fisheries resources with particular
reference to international trade. Two views regarding extended jurisdiction
presented by the authors are (1)the endogeneity of the level of property
rights and the pattern and terms of trade of a nation, and (2) the effect of
exogenous factors, particularly global macroeconomic tends, on trade.
Johnston, Robert J. and Jon G. Sutinen (1996). "Uncertain Biomass Shift
and Collapse: Implications for Harvest Policy in the Fishery."
Land Economics, 72(4):500-518.
This paper addresses uncertain biomass shifts in renewable resources. A
biomass shift occurs when a dominant renewable resource stock collapses and
its ecosystem niche is filled by a replacement species which increases in
abundance after the initial collapse. This paper develops a bioeconomic model
for a fishery subject to random biomass shift. Optimal policy for three
causes of biomass shift - environmental perturbation, overfishing, and a
combination of these two factors - is derived and compared to optimal policy
when the risk of biomass shrift is not present. For each cause of biomass
shift, the model allows for a valued and non-valued replacement species.
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