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

quality are calculated. Recreation demand models are estimated using the
simulated data sets. Estimated welfare measures resulting from the recreation
demand models are then compared to the true welfare measures calculated from
the simulated data. The procedure is demonstrated using two commonly employed
recreation demand models.
Kling, Catherine L. and Joseph A. Herriges (1995). "An Empirical
Investigation of the Consistency of Nested Logit Models with
Utility Maximization." American Journal of Agricultural
Economics, 77(4):875-884.
Global conditions under which nested logit models are consistent with
utility maximization are provided by Daly and Zachary and by McFadden.
Recently, Borsch-Supan and Herriges and Kling have provided conditions under
which a nested logit model is locally consistent. However, previous work has
not discussed implementation of these conditions. Here, three alternative
approachers to checking and formally testing for the consistency conditions
using classical statistics are investigated. In addition, a Bayesian approach
to interpreting and imposing the local consistency conditions is provided.
The application is based on anglers choices regarding sportfishing
alternatives in southern California.
Kmenta, Jan (1967). "On Estimation of the CES Production Function."
International Economic Review, 8(2):180-189.
The original specification of the constant elasticity of substitution
(CES) production function was restricted to the case of constant returns to
scale. If the CES production function is generalized to allow for the
possibility of nonconstant returns to scale require nonlinear regression
techniques or linear estimation using a Taylor series expansion around p=0.
The latter technique is essentially a Cobb-Douglas production function with a
correction factor. This technique is then applied to U.S. nonfarm data for
1947 to 1960.
Kmenta, Jan (1986). Elements of Econometrics, Second Edition.
Macmillan Publishing Company, New York.
An econometrics textbook that starts with basic statistics and then
develops econometric theory advancements since 1971.
Knapp, Gunnar (1996). Alaska Halibut Captains Attitudes Towards IFQs.
Marine Resource Economics, 11(1):43-55.
In 1994, prior to the introduction of the individual fishing quota (IFQ)
management system, the University of Alaska conducted a detailed survey of
vessel captains who had fished for halibut between 1987 and 1993. The survey
included five questions about captains expectations for and attitudes towards
the planned IFQ management system. This paper reports on captains responses
to these questions.
Knapp, Gunnar (1998). Initial Effects of the Alaska Halibut IFQ Program:
Survey Comments of Alaska Fishermen. Thalassorama, Marine Resource
Economics, 12(3):239-248.
An open ended survey of halibut fishermen in the Alaskan fishery confirm
the positive effects of ITQ management and also indicates that attitudes
toward the program are inversely proportional to holdings of ITQ shares.
These results remind us that management policies that may increase net
benefits of fisheries do not necessarily make all fishermen, or even a
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