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

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Kato, Y. (1996). Expert Consultation on Fishing Capacity. FAX to William<br />

Fox, Chief Scientific Advisor, NMFS, Silver Spring, MD, from Director<br />

FIP, <strong>fisheries</strong> Department, FAO, Rome, Italy.<br />

Expert consultation on management <strong>of</strong> fishing capacity prospectus.<br />

Kaufmann, Barry, and Gerry Geen (1997). Cost-Recovery as a Fisheries<br />

Management Tool. Marine Resource Economics, 12(1):57-66.<br />

The current widespread use <strong>of</strong> taxpayer-funded public sector institutions<br />

to deliver <strong>fisheries</strong> management services limits the likelihood <strong>of</strong> successfully<br />

implementing any solution. Our opinion is that full cost-recovery <strong>of</strong><br />

<strong>fisheries</strong> management services, by motivating fishers to demand cost effective<br />

management and stronger property rights, represents a powerful stimulus to the<br />

evolution <strong>of</strong> more effective institutional and operational arrangements. Such<br />

arrangements are likely to feature an increasing provision <strong>of</strong> <strong>fisheries</strong><br />

management services by the private sector.<br />

Kazmierczak, Richard F., Jr. and Rex H. Caffey (1995). Management Ability<br />

and the Economics <strong>of</strong> Recirculating Aquaculture Production Systems. <br />

Marine Resource Economics, 10(2):187-209.<br />

A bioeconomic model <strong>of</strong> fish growth in recirculating aquaculture systems<br />

was constructed by developing a bioenergetic model comprised <strong>of</strong> metabolic<br />

submodels for growth, ammonia production, and oxygen consumption. Metabolite<br />

accumulations are determined by exogenous control variables for filtration and<br />

aeration and used to indirectly represent management ability. Numerical<br />

solutions to model parameters were obtained using a two point boundary<br />

shooting algorithm within a dynamic pr<strong>of</strong>it maximization framework. Optimal<br />

trajectory, isoquant, and bioeconomic optimization analyses describe specific<br />

trade<strong>of</strong>f relationships existing between nutrition, density, and technology.<br />

Results demonstrate the economic importance <strong>of</strong> these relationships changes<br />

over time in response to fish weight, and not always in ways suggested by the<br />

physical importance <strong>of</strong> individual factors. Specifically, economically viable<br />

trade<strong>of</strong>fs between dietary protein and stocking density occur over relatively<br />

narrow regions to management ability. Without highly experienced and capable<br />

management, the biological realities <strong>of</strong> recirculation systems may preclude<br />

pr<strong>of</strong>itable system operation.<br />

Kazmierczak, Richard F., Jr., Hector O. Zapata, and Hamady Diop (1997).<br />

Noncompetitive Pricing and Exchange Rate Pass-Through in Mauritanian<br />

Octopus Export Markets. Journal <strong>of</strong> Agribusiness, 15(1):85-102.<br />

Octopus exports are an important source <strong>of</strong> foreign exchange earnings for<br />

Mauritania. The export market has historically been dominated by coordinated<br />

Japanese buyers, a situation that led Mauritania to create the Societe<br />

Mauritanienne de Commercialisation de Poisson (SMCP) to negotiate with buyers<br />

and manage all octopus exports. Issues concerning competitiveness, price<br />

discrimination, and exchange rate pass-through in the Mauritanian octopus<br />

export market were empirically examined in this study using a seemingly<br />

unrelated regression model corrected for contemporaneous and serial<br />

correlation. Results indicate some degree <strong>of</strong> price discrimination across<br />

destination markets, market share enhancement through local currency price<br />

stabilization, and increases in marginal costs <strong>of</strong> production following<br />

nationalization <strong>of</strong> the Mauritanian trawler fleet. Thus, while creation <strong>of</strong> the<br />

SMCP did not result in the development <strong>of</strong> complete countervailing market<br />

power, Mauritania has managed to enhance the position <strong>of</strong> its octopus exports<br />

in the lucrative Japanese market.<br />

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