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

is estimated to be $1.7 million over a 30 year period. The approach employed
in this paper overcomes previous shortcomings in valuing marginal changes in
recreational fishing by use of a regional multi-site travel cost demand model
that contains fish catch as a site characteristic. Site specific marginal
values per salmon and steelhead caught are derived using this technique.
Loomis, John B. and Douglas M. Larson (1994). "Total Economic Values of
Increasing Gray Whale Populations: Results from a Contingent
Valuation Survey of Visitors and Households." Marine Resource
Economics, 9(3):275-286.
The consistency of an individual's willingness to pay (WTP) responses
for increases in the quantity of an environmental public good (whale
populations) is tested along three lines. First, we test whether WTP for 50%
and 100% increases in whale populations are statistically different form zero.
Second, we ask whether the incremental WTP from a 50% increase to a 100%
increase is statistically significant. Finally, we test whether there is
diminishing marginal valuation of the second 50% increment in gray whale
populations. The paired t-tests on open ended WTP responses supported all
three sets of hypotheses. Both visitors and households provided WTP responses
that were statistically different from zero and increased (but in a
diminishing fashion) for the second increment in WTP. In this survey both
visitors and households provided estimates of total economic value (including
nonuse or existence values) for large changes in wildlife/fishery resources
that were consistent with consumer theory.
Loose, Verne W. (1979). "A Bioeconomic Commercial Pacific Salmon
Fishery Model." Resources Paper No. 44, University of British
Columbia, Department of Economics, 2075 Wesbrook Place, Vancouver,
Canada, V6T 1W5, September, pp. 23.
A bioeconomic model of a commercial Pacific salmon fishery is
constructed. The economic sector focuses upon the seasonal harvesting process
in a gauntlet fishery while the biological sector deals with the long term
reproductive and growth processes of the fish population. The sectors are
linked by the biotechnical harvesting process (unharvested fish escape to
spawn) and by the specification of an intertemporal objective function. It is
shown that a fishery constrained only by the economic incentives of its sole
owner is unlikely to lead to stock extinction; that substantial excess
capacity exists in the fishery; and that successful economic exploitation
requires that attention be paid to species makeup.
Lopes, Rui Junqueira-, Philippe Michel, and Gilles Rotillon (1996).
Bioeconomic Management of Red Swamp Crayfish (Procambarus clarkii) in
the Presence of Environmental Externalities. Marine Resource
Economics, 11(1):1-9.
Red swamp crayfish (Procambarus clarkii) is a valuable renewable
resource which creates significant negative externalities to its environment.
Crayfish can cause severe crop damage by burrowing in fields and using
irrigation systems to spread. These crayfish are resistant to normal dosages
of pesticides which are harmful to fish and birds, can endure months of
dryness, and live in a low oxygen environment. This paper presents a simple
bioeconomic model for optimal use of the red swamp crayfish accounting for its
value in consumption, adapting Plourde s (1970) model to include the negative
externalities.
Lord, Gary E. (1973). "Characterization of the Optimum Data Acquisition
and Management of a Salmon Fishery as a Stochastic Dynamic
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