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

volume concludes with an examination of alternative regulatory policies.
Mishan, E.J. (1948). "Realism and Relevance in Consumer's Surplus."
The Review of Economic Studies, 15/16(3):27-33.
Mishan reviews the literature on consumer surplus and finds only two of
the five definition to be tenable for a rise or a fall in price.
Mishan, E.J. (1959). "Rent as a Measure of Welfare Change." American
Economic Review, 49(3):386-394.
Little further reflection is necessary to recognize that consumer
surplus and economic rent are both measures of the change in the individual's
welfare when the set of prices facing him are changed or the constraints
imposed upon him are altered. Any distinction between them is one of
convenience only; consumer surpluses have reference to demand prices, economic
rent to supply prices. Furthermore, no consideration of logic precludes our
measuring the individual's gain - in terms of compensated valuation or
equivalent valuation - from, say, a simultaneous fall in price of a good
bought and a rise in the price of a service provided.
Mishan, E.J. (1966). "A Survey of Welfare Economics, 1939-1959." In
Surveys of Economic Theory, Vol. 1. MacMillan Press, London.
A survey of the literature dealing with the formal development of
welfare economics.
Mishan, E.J. (1971). "The Postwar Literature on Externalities: An
Interpretative Essay." Journal of Economic Literature, 9:1-28.
External economies appears as one of the chief causes of divergences
between private net product and social net product. Externalities provide the
standard exception to the equation optimality with universal perfect
competition. This interpretative survey is organized around four topics: (1)
the problems of definition, (2) the traditional doctrine in the light of later
refinements, (3) the relation of external economies to public goods, and (4)
the new concern with environmental spillovers.
Mishan, E.J. (1976). "The Use of Compensating and Equivalent Variations
in Cost-Benefit Analysis." Economica, 43(May):185-197.
The author addresses three issues concerning the use of compensating
variation in cost-benefit analysis: (1) equity, (2) reliability of
compensating variation, and (3) equivalent variation is as good as
compensating variation for the measurement of gains and losses. Compensating
variation is demonstrated to be the best available method for determining
costs and benefits.
Missios, Paul C. and Charles Plourde (1997). Transboundary Renewable
Resource Management and Conservation Motives. Marine Resource
Economics, 12(1):29-36.
A simple two country theoretical model of transboundary fishing
conflicts in which one country has a nonlucrative incentive to conserve the
fish stock is presented to examine the effect of such a conservation motive on
the steady state stock level and to analyze how this stock level is affected
by the division of the harvest. It is demonstrated that a conservation motive
for one or both countries serves to increase the stock level and that this
level is dependent on the harvest share of the country with motive. A brief
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