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

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harvest would be achieved with an increase in the number <strong>of</strong> vessels and a<br />

decrease in the catch per vessel <strong>of</strong> surf clams and an increase in the catch <strong>of</strong><br />

ocean quahogs.<br />

Lipton, Douglas W., Katherine Wellman, Isobel C. Sheifer, and Rodney F. Weiher<br />

(1995). Economic Valuation <strong>of</strong> Natural Resources--A Handbook for Coastal<br />

Resource Policymakers. NOAA Coastal Oceans Program Decision Analysis<br />

Series No. 5, NOAA Coastal Ocean <strong>Office</strong>, Silver Spring, MD, 131 pp.<br />

The focus <strong>of</strong> this handbook is to introduce and illustrate concepts <strong>of</strong><br />

environmental valuation, among them travel cost models and continent valuation<br />

for noneconomists. These concepts, combined with advances in natural sciences<br />

that allow us to better understand how changes in the natural environment<br />

influence human behavior, aim to address some <strong>of</strong> the more serious shortcomings<br />

in the application <strong>of</strong> economic analysis to natural resource and environmental<br />

management and policy analysis.<br />

LiPuma, Edward and Sarah Keene Meltz<strong>of</strong>f (1985). "The Social Economy <strong>of</strong><br />

Shrimp Mariculture in Ecuador." Draft report, Department <strong>of</strong><br />

Anthropology and the Rosenstiel School <strong>of</strong> Marine and Atmospheric<br />

Science, University <strong>of</strong> Miami, May, pp. 35.<br />

This report provides an initial account <strong>of</strong> the social economy <strong>of</strong> the<br />

Ecuadorian shrimp industry and lays the foundation for more comprehensive<br />

analyses to complement existing biological studies to strengthen the<br />

management <strong>of</strong> the shrimp resources.<br />

Lisman, J.H. and J. Sandee (1964). "Derivation <strong>of</strong> Quarterly Figures<br />

from Annual Data." Applied Statistics, 13:87-90.<br />

Quarterly figures may be required when only a series <strong>of</strong> annual data are<br />

available. If no assumption about the pattern <strong>of</strong> the quarterly figures can be<br />

made, so that merely a smooth trend must be obtained, a very simple procedure<br />

can be employed to obtain a fairly good adaptation <strong>of</strong> the quarterly figures to<br />

the annual totals. For each year t, the value <strong>of</strong> a quarterly figure is<br />

considered as a weighted average <strong>of</strong> the totals <strong>of</strong> the years t-1 and t+1.<br />

After introduction <strong>of</strong> some quite natural conditions a system <strong>of</strong> equations is<br />

obtained, from which the weighting coefficients can be calculated. To a<br />

certain extent the solution contains some arbitrary aspects, but it has the<br />

advantage <strong>of</strong> simplicity, plausibility and practical usefulness.<br />

Liu, Pan-Tai (ed.) (1980). Dynamic Optimization and Mathematical<br />

Economics. Plenum Press, New York.<br />

The papers appearing in this book are contributions from control<br />

theorists and economists covering the application <strong>of</strong> control theory to<br />

economic planning, exploration, exploitation, and pricing <strong>of</strong> extractive<br />

natural resources, and some recent advances in large scale systems and<br />

decentralized control.<br />

Liu, P.T. and J.G. Sutinen (1982). "On the Behavior <strong>of</strong> Optimal<br />

Exploration and Extraction Rates for Non-Renewable Resource<br />

Stocks." Resources and Energy, 4:145-162.<br />

Models are developed to examine the behavior <strong>of</strong> optimal exploration and<br />

production policies over time. The principal model is singular in the<br />

exploration control and possesses four phases <strong>of</strong> the exploitation cycle.<br />

Explicit sets <strong>of</strong> conditions are established that (i) give rise to a U-shaped<br />

price path, and (ii) determine when additions to reserves from exploration are<br />

4 0 3

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