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

Program." Fishery Bulletin, 71(4):1029-1037.
The optimum data acquisition and management of a typical Bristol Bay
sockeye salmon fishery have been expressed as a problem in statistical
decision theory. Optimality has been defined as that set of sequential
decision rules that minimizes the Bayes risk over the duration of the run.
Economic losses or costs are ascribed to acquisition of catch and escapement
data in such a manner that an optimal data acquisition scheme can be defined
in addition to defining the set of optimal management strategies.
Lord, Gary E. (1976). "Decision Theory Applied to the Simulated Data
Acquisition and Management of a Salmon Fishery." Fishery
Bulletin, 74(4):837-846.
A salmon fishery management model utilizing statistical decision theory
has been constructed. The model provides for the successive acquisition of
data that can be used to formulate and maintain an optimum management
strategy. The Bayes risk is defined as the expected economic loss resulting
from a set of fishery management decisions and the criterion of optimally is
taken to be the strategy that minimizes the Bayes risk. Specific functional
forms are assumed where necessary to obtain a closed form expression for the
Bayes risk. The Bayes risk, in units of numbers of fish, can then be computed
for any particular sequence of fishery management decisions.
Lothgren, Mickael (1997). A Multiple Output Stochastic Ray Frontier
Production Model. Working Paper Series in Economics and Finance No.
158, Stockholm School of Economics, February, 15 pp.
This paper proposes an approach to specify and estimate multiple input,
multiple output production frontiers and technical efficiency using a
stochastic ray frontier production model. A possible model extension is to
incorporate a technical efficiency effects md9oel to allow estimation of the
effects of various explanatory variables on technical efficiency. An
empirical application using Swedish health care data reveals a significant
positive effect on technical efficiency of an internal market refor4m while
the effect on the production frontier is negative. Technical change is found
to be positive while technical efficiency has decreased over time.
Lott, John R., Jr. (1987). "Licensing and Nontransferable Rents." The
American Economic Review, 77(3):453-455.
Traditionally, restrictive licensing is assumed to create monopoly
profits by restricting output and therefore to produce two kinds of social
costs: the deadweight loss due to reduced output and the resources devoted to
rent seeking. However, the fact that nonsalvagable resources spent on rent
seeking create their own barriers to entry has not been recognized. By
increasing nontransferable rents, licensing prevents the least costly
producers from entering and thus produces a third kind of social cost. While
Harold Demsetz (1982) dismissal of the traditional notion of entry barriers is
correct when assets are transferable, the idea of entry barriers is still
useful when assets are nontransferable as this note shows in the case of
professional licensing.
Louisiana Department of Wildlife and Fisheries (1994). "Enhancing the
Benefits Derived from Shrimp in the Gulf of Mexico Through
Optimizing Shrimp Management in Louisiana." A Fisheries Management
Plan for Louisiana's Penaeid Shrimp Fishery, MARFIN Project
NA90AA-H-MF726 Final Report, December, 231 pp.
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