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

To test the results of this methodological approach, a data set should
be created based on a theoretical model of recreational fisherman behavior
when exploiting a common property resource. Impose management regulations
such as size and bag limits for a fishing trip. Estimate the model and
compare the estimated parameters to the known or true parameters for
management implications (consumer surplus). Modify the model with a catch and
keep constraint, if known and estimated parameters differ and compare to the
Milon elasticity results that seem counter intuitive on page 187.
Milon, J.W. (1993). "A Study of Recreational Demand for Gulf of Mexico
Group King Mackerel Using 1990 and 1991 MRFSS Data." Final Report
for the Gulf of Mexico Fishery Management Council, Tampa, FL.
Prepared by Food and Resource Economics Department, University of
Florida, Gainesville, FL 32611-0240, March.
Using 1990 and 1991 MRFSS data, this study estimated pooled site travel
cost demand models for anglers targeting king mackerel within the range of the
Gulf group king mackerel stock. Econometric results from the models indicated
that there was no statistical support for a positive relationship between king
mackerel catch rates and demand. Alternative specifications of a pooled site
travel cost demand model yielded inconsistent and mostly statically
insignificant results for the catch rate variables. Other variables in the
models performed as expected and were consistent with prior pooled site demand
model results. Because king mackerel catch rates were not statistically
significant determinants of recreational demand, it was not possible to
compute net economic values (consumers' surplus) from the pooled site demand
models. The econometric results raise serious concerns about the usefulness
of travel cost demand models to estimate net economic values for recreational
catch given the existing structure of the MRFSS. The intercept survey does
not provide sufficient information to estimate changes in anglers' probability
of targeting different species. More complete data and further research will
be needed to provide fishery managers with reliable, defensible measures of
the net economic value of king mackerel to recreational anglers.
Milon, J. Walter (1993). "U.S. Fisheries Management and Economic
Analysis: Implications of the Alaskan Groundfish Controversy."
Invited paper prepared for the annual meetings of the American
Agricultural Economics Association, Orlando, Fl, August 2, 15 pp.
The paper discusses the recent inspector general (IG) audit of the North
Pacific Fishery Management Council's use of input-output analysis to determine
Alaskan groundfish allocation. The IG determined that cost/benefit analysis
should have been the basis for the decision. However, economic efficiency
analysis is not destined to be used in allocation decisions in the future.
Given the MFCMA and the national standards, future allocation decisions can be
made regardless of whether benefits exceed costs or not.
Milon, J. Walter (1993). "U.S. Fisheries Management and Economic
Analysis: Implications of the Alaskan Groundfish Controversy."
American Journal of Agricultural Economics, 75(5):1177-1182.
The paper discusses the recent inspector general (IG) audit of the North
Pacific Fishery Management Council's use of input-output analysis to determine
Alaskan groundfish allocation. The IG determined that cost/benefit analysis
should have been the basis for the decision. However, economic efficiency
analysis is not destined to be used in allocation decisions in the future.
Given the MFCMA and the national standards, future allocation decisions can be
made regardless of whether benefits exceed costs or not.
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