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

The impact of fisheries exploitation, development, and pollution on the
Gulf of Mexico. An entire section is devoted to the shrimp fishery and
another to aquaculture. Emphasis is also placed on the people who earn their
living from harvesting living marine resources and the prospects for their
future. A most insightful assessment.
McKee, David A., Addison L. Lawrence, and Wade L. Griffin (1989).
"Stocking Strategies and an Investment Analysis for Producing
Penaeus setiferus as a Live Bait-Shrimp on the Texas Coast."
Journal of the World Aquaculture Society, 20(2):72-80.
An economic and investment analysis was performed to determine the
viability of bait-shrimp farming in Texas. A single pond analysis producing 5
- 5.5 g shrimp always had higher returns above selected cost (RASC) than
producing 4 - 4.5 g shrimp. Stocking 0.01 g shrimp had a higher RASC than
stocking 0.25 g, 0.50 g, or 0.75 g shrimp. In the 20 pond analysis, which
accounted for marketing considerations, stocking 0.25 g shrimp had the highest
RASC. The investment analysis, assuming average management, was declared
bankrupt by the end of the fifth year. Under "excellent" management the
internal rate of return was only 11.7%. It is unlikely that bait-shrimp
farming will become a viable industry in Texas in the near future.
McKelvey, Richard D. and William Zavoina (1975). "A Statistical Model
for the Analysis of Ordinal Level Dependent Variables." Journal
of Mathematical Sociology, 4:103-120.
This paper develops a model with assumptions similar to the linear model
for use when the observed dependent variable is ordinal. This model is an
extension of the dichotomous probit model and assumes that the ordinal nature
of the observed dependent variable is due to methodological limitations in
collecting the data that force the researcher to lump together and identify
various portions of an otherwise interval level variable. The model assumes a
linear effect of each independent variable as well as a series of break points
between categories for the dependent variable. Maximum likelihood estimators
are found for these parameters along with their asymptotic sampling
distributions and an analogue of R 2 (the coefficient of determination in
regression analysis) is defined to measure goodness of fit. The use of the
model is illustrated with an analysis of Congressional voting on the 1965
Medicare Bill.
McKelvey, Robert (1983). "The Fishery in a Fluctuating Environment:
Coexistence of Specialist and Generalist Fishing Vessels in a
Multipurpose Fleet." Journal of Environmental Economics and
Management, 10:287-309.
The fishery is a prime example of a common property renewable resource
industry. A second prominent feature is the extreme variability of its
environment, both biologic and economic. Traditionally fishing vessels have
harvested a single species or aggregation, but now powerful multipurpose
vessel have been introduced that switch targets as opportunities arise. These
vessels represent an adaptation to the fluctuating environment: they give up
efficiency of specialized operations for flexibility under changing
conditions. We analyze, from the point of view of economic efficiency, the
common property operation of a mixed fleet of generalist and specialist
fishing vessels in a fluctuating environment.
McKenna, James E., Jr. (1994). "Commercial Landings and Quota
Monitoring of Florida's 1992-1993 King Mackerel Fishery." In
South Atlantic Fishery Management Council, Gulf of Mexico Fishery
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