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

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This paper looks at the problem <strong>of</strong> modeling the welfare consequences <strong>of</strong><br />

the effects <strong>of</strong> environmental changes on the bioeconomic equilibrium <strong>of</strong><br />

<strong>fisheries</strong>. The equilibrium catch equation is suggested as the most<br />

appropriate mechanism for modeling these effects. Several different models<br />

are presented, based on the availability <strong>of</strong> data. It is shown that a model in<br />

which the equilibrium catch function is estimated directly as a function <strong>of</strong><br />

environmental quality will be superior to a model that takes the stock effects<br />

from an independent ecosystem model. Models are also suggested for those<br />

cases in which only proxies for stock levels are available, and for those<br />

cases in which no stock data are available. An earlier draft report is also<br />

included in the file.<br />

Kahn, James R. and W. Michael Kemp (1985). "Economic Losses Associated<br />

with the Degradation <strong>of</strong> an Ecosystem: The Case <strong>of</strong> Submerged<br />

Aquatic Vegetation in Chesapeake Bay." Journal <strong>of</strong> Environmental<br />

Economics and Management, 12:246-263.<br />

This study employs theoretical and empirical concepts from ecology and<br />

<strong>economics</strong> to derive a lower bound <strong>of</strong> the marginal damage function for<br />

reductions in the level <strong>of</strong> submerged aquatic vegetation (SAV) in Chesapeake<br />

Bay. These reductions in SAV are believed to be a consequence <strong>of</strong> the run<strong>of</strong>f<br />

<strong>of</strong> agricultural chemicals, discharges from waste treatment plants and soil<br />

erosion. The study examines the indirect ecological consequences <strong>of</strong> pollution<br />

in Chesapeake Bay <strong>fisheries</strong> in a fashion that is consistent with the economic<br />

theory <strong>of</strong> benefit measurement.<br />

Kahn, James R. and Mark Rockel (1987). "Measuring the Economic Effects<br />

<strong>of</strong> Brown Tides." Draft report, Department <strong>of</strong> Economics, State<br />

University <strong>of</strong> New York at Binghamton.<br />

This paper develops behavioral models for examining the reactions <strong>of</strong><br />

marine resource users to reduced resource quality associated with brown algal<br />

blooms. Models <strong>of</strong> recreational and commercial fishing are developed, as well<br />

as other recreational uses that emphasize the concept that the presence <strong>of</strong><br />

brown tides at certain sites will cause the substitution <strong>of</strong> other sites and<br />

other species. These substitutions will have additional implications for<br />

economic welfare. The conceptual models are applied to the bay scallop<br />

fishery where annual economic losses are <strong>of</strong> the order <strong>of</strong> two million dollars.<br />

Kaitala, Veijo and Gordon R. Munro (1993). "The Management <strong>of</strong> High Seas<br />

Fisheries." Presented at the International Conference on<br />

Fisheries Economics, Os, Norway, May 26-28.<br />

This paper discusses the background to the high sea fishery resource<br />

issue and explores some <strong>of</strong> the economic aspects <strong>of</strong> the problem. A<br />

considerable part <strong>of</strong> the paper points out the many areas where economic<br />

research is still required. Also, important aspects <strong>of</strong> the problem are in a<br />

state <strong>of</strong> flux, since the surrounding legal framework is bound to be influenced<br />

by the forthcoming U.N. conference.<br />

Kaitala, Veijo and Gordon R. Munro (1993). "The Management <strong>of</strong> High Seas<br />

Fisheries." Marine Resource Economics, 8(4): 313-329.<br />

A new and acute management problem, now the focus <strong>of</strong> a major U.N.<br />

conference, has arisen in recent years in international <strong>fisheries</strong>. The<br />

problem concerns the management <strong>of</strong> transboundary fishery resources, in the<br />

form <strong>of</strong> resources to be found in both the coastal state EEZ and the adjacent<br />

high seas. The resources are commonly referred to as "straddling" stocks.<br />

This article provides a preliminary exploration <strong>of</strong> the management issue. It<br />

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