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

estimate travel cost demand models for recreationally caught king mackerel in
the Gulf of Mexico and to evaluate the economic impact of possible alternative
catch regulations such as changes in catch rates or bag limits.
Milon, J. Walter (1989). "Specification of the Recreational Catch Rate
for Evaluating Regulations in the Gulf Of Mexico Mackerel
Fishery." Staff Paper #370, Food and Resource Economics
Department, Institute of food and Agricultural Sciences,
University of Florida, Gainesville, FL 32611.
Regulation of marine recreational fishing has been achieved through bag
restrictions that influence the composition of kept and released catch. Prior
economic research on marine recreational fishing has focused on total daily
catch with no recognition of the composition. In this paper a formal model of
recreational demand for the composition of species catch is presented.
Empirical analysis using data on king mackerel anglers from the 1986 Marine
Recreational Fishing Statistics Survey for the Gulf of Mexico shows that
distinct kept and released effects can be identified. Welfare measures
developed from the empirical results reveal a sizeable difference in effects
of changes in recreational catch when alternative catch rate measures are
used. Policy evaluations that do not account for catch composition in
recreational demand models may provide incorrect estimates of the economic
effects of catch regulations.
Milon, J.W. (1990). "Assessment of Methods to Model Recreational
Effort, Participation, and Demand for Benefits Valuation." Draft
report in Kearney/Centaur (1990). "Evaluation and Demonstration
of Valuation Methodologies Applicable to Sport and Commercial
Fisheries." Draft report, Alexandria, VA.
Evaluate and assess the quality of travel cost valuation models for
recreationally caught king mackerel in the Gulf of Mexico reported in 1988
using data from the Marine Recreational Fishing Statistics Survey (MRFSS).
Determine whether the valuation estimates were useful to fishery managers
responsible for allocation of king mackerel stocks. Assess the potential for
improved valuation models of marine recreations demand based on recent
advances in the theoretical literature and possible enhancement s to the
MRFSS. Develop a travel cost modeling approach to improve the precision and
usefulness to valuation estimates for marine fishing.
Milon, J.W. (1991). "Measuring the Economic Value of Anglers' Kept and
Release Catches." North American Journal of Fisheries Management,
11:185-189.
Economic measures of the value of recreational catch typically have been
based on the aggregate number of fish caught per unit effort. Fishery
management councils, however, regulate recreational catch through bag limits
and size restrictions that influence the composition of kept and released fish
in the catch, not just the number of fish caught. Statistical tests for
pooled site travel cost demand models for anglers of king mackerel
(Scomberomorus cavalia) in the Gulf of Mexico region showed that indicators of
kept and released catches outperformed an aggregate indicator. Accounting for
the composition of catch had a significant effect on economic measures of the
gains and losses from catch regulations and suggested that aggregate
indicators may give misleading estimates of the change in economic value due
to regulations. Economic studies of the value of recreational catch in other
fisheries should give more consideration to the effects of regulations on the
composition of kept and released catches and to the social factors that
influence the keep or release decision.
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