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

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is specified and estimated for the New England, Georges Bank, multiproduct,<br />

trawl fishery. Two forms <strong>of</strong> the technology, nonjointness in inputs and<br />

separability among outputs, <strong>of</strong>ten implicitly assumed by managers in<br />

formulating regulations are rejected. Important technical and economic<br />

interactions that are usually ignored in <strong>fisheries</strong> management are shown to<br />

characterize the fishery. Last, it is demonstrated that different types <strong>of</strong><br />

management and regulations may be necessary if a fleet is comprised <strong>of</strong><br />

heterogeneous fishing firms.<br />

Kirkley, James E., William D. DuPaul, Michael Oesterling (1995). Regulating<br />

the Blue Crab, Callinectes sapidus, Fishery <strong>of</strong> Virginia: Biological and<br />

Economic Concerns. VSG-95-14, Virginia Sea Grant, Virginia Institute<br />

<strong>of</strong> Marine Science, School <strong>of</strong> Marine Science, College <strong>of</strong> William & Mary,<br />

Gloucester Point, Virginia, 15 pp.<br />

This brief paper an overview <strong>of</strong> regulatory options for managing and<br />

regulating the blue crab fishery is provided. We initially focus on open<br />

access strategies and subsequently present a discussion <strong>of</strong> regulations that<br />

address the common property, open access fishery. Prior to discussing<br />

management options, we discuss goals and objectives <strong>of</strong> resource management.<br />

Kirkley, J., Dale Squires, and Mohammad Ferdous Alam (1998). "Capacity<br />

and Capacity utilization in Fishing Industries." Draft report,<br />

Virginia Institute <strong>of</strong> Marine Sciences, College <strong>of</strong> William and<br />

Mary, Gloucester Point, Virginia, August, 22 pp.<br />

This paper addresses the issue <strong>of</strong> defining and measuring capacity in<br />

fishing industries. Capacity can be defined and measured following either a<br />

technological-engineering approach or explicitly predicated on economic<br />

optimization from microeconomic theory. The former definition is the focus <strong>of</strong><br />

this paper because <strong>of</strong> the paucity <strong>of</strong> cost data in most <strong>fisheries</strong> world-wide<br />

militates against estimation <strong>of</strong> cost or pr<strong>of</strong>it functions to derive economic<br />

measures <strong>of</strong> capacity and capacity utilization. An empirical illustration <strong>of</strong><br />

capacity in the Malaysian purse seine fishery is provided as a case study.<br />

Kirkley, J., Dale Squires, and Ivar E. Strand (1995). "Assessing<br />

Technical Efficiency in Commercial Fisheries: The Mid-Atlantic Sea<br />

Scallop Fishery." American Journal <strong>of</strong> Agricultural Economics,<br />

77(2):686-697.<br />

Despite the extensive effort to research issues <strong>of</strong> allocative efficiency<br />

in <strong>fisheries</strong>, little empirical analysis <strong>of</strong> technical efficiency (TE) in<br />

<strong>fisheries</strong> exists. This study examines vessel efficiency using a stochastic<br />

production frontier based on a sample <strong>of</strong> sea scallop vessels operating in the<br />

Mid-Atlantic between 1987 and 1990. Estimates <strong>of</strong> TE are computed and compared<br />

with input usage, resource conditions, economic performance, and recently<br />

imposed regulations. The analysis suggests that owners and captains only<br />

partially compensate for changes in resource conditions through the use <strong>of</strong><br />

labor and fishing effort, and recent regulations may improve overall TE in the<br />

short run.<br />

Kirkley, J., Dale Squires, and Ivar E. Strand (1998). "Characterizing<br />

Managerial Skill and Technical Efficiency in a Fishery." Journal<br />

<strong>of</strong> Productivity Analysis, 9:145-160.<br />

Researchers have long recognized that entrepreneurial or managerial<br />

skill is a major determinant <strong>of</strong> productivity or reason why production among<br />

firms varies. Yet, except for a few studies, differences in productivity and<br />

output levels are usually attributed to plant configuration or scale. More<br />

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