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

Hotelling's r-percent rule does not hold for monopoly extractors of
durable exhaustible resources. An example with a nondurable resource in which
the rule also fails to hold is presented. An economy with a fixed average
propensity to save is modeled. The monopoly extractor recognizes that
resource extraction, by affecting output and hence capital accumulation,
affects future demand. The firm exploits this effect by causing the marginal
profitability of extraction to grow faster or slower than the rate of
interest, depending upon initial conditions. Conditions are developed under
which the growth rate will be less than the interest rate.
Moxnes, Erling (1993). "Mismanagement of Fish Resources." Presented at
the International Conference on Fisheries Economics, Os, Norway,
May 26-28.
In the literature on renewable resources, the commons problem is held to
be the crucial factor explaining experienced mismanagement. In this report an
economic experiment demonstrates that serious mismanagement can occur even
when property rights are assigned. Mismanagement is measured both in terms of
over investment and over utilization. The most likely explanation is a
misperception of time lags, also found in studies of other dynamic systems.
For policy making this finding adds the dimension of learning to the previous
dimension of cooperation and conflict resolution.
Moyer, Camilla C. (1994). "Minutes." Memorandum, Gulf of Mexico
Fishery Management Council, lincoln Center, Suite 331, 5401 W.
Kennedy Blvd., Tampa, Florida, October, 23 pp.
The minutes of the Ad Hoc Red Snapper Advisory Panel meeting held in New
Orleans on August 8-9, 1994 concerning proposed red snapper individual
transferable quota and license limitation fishery management regulations.
MRAG Americas, Inc. (1999). NMFS Response to the 1997 Peer Review of Red
Snapper (Lutjanus Campechanus) Research and Management in the Gulf of
Mexico. Tampa, Florida, May.
In response to a peer review of the research and management of red
snapper, NMFS prepared this response to that review incorporating the
expertise of NMFS and outside economists. The report contains a response to
the peer review and a research plan to for red snapper in the Gulf of Mexico.
Mueller, Dennis C. (1976). "Public Choice: A Survey." Journal of
Economic Literature, 14(2):395-433.
Public choice can be defined as the economic study of nonmarket decision
making, or, simply the application of economics to political science. The
basic behavioral postulate of public choice, as for economics, is that man is
an egoistic, rational, utility maximizer.
Mueller, Dennis C. and Wallace E. Oates (1986). "The Management of the
Chesapeake Bay: Alternative Structures for Decision-Making."
Working draft report presented at the Economics of Managing
Chesapeake Bay II, Annapolis, MD., May, 27 pp.
Optimal jurisdiction is explored by developing a model of Chesapeake By
using three management alternatives: (1) the existing jurisdictional
structure, (2) a Chesapeake Bay political jurisdiction, and (3) a national
jurisdiction.
Muller, Robert G. (1988). "Spanish Mackerel Summary." Department of
4 6 0