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

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estimated. Attempts to fit spawner-recruit models to estimates obtained from<br />

the age-structured catch data were inconclusive; so, age specific mortality<br />

and growth estimates were only used to fit a yield-per-recruit model. After<br />

comparing the results from the two models, the Schaefer model was deemed most<br />

suitable for managing this fishery. The model estimated the maximum<br />

sustainable yield at 2.46 million pounds. A strategy for managing the fishery<br />

under a quota system was proposed.<br />

Acheson, James M. (1984). "Government Regulation and Exploitive<br />

Capacity: The Case <strong>of</strong> the New England Groundfishery." Human<br />

Organization, 43(4):319-329.<br />

The U.S. Fisheries Conservation and Management Act was designed to<br />

control the exploitation <strong>of</strong> commercial marine species. However, during the<br />

first two years after this act went into effect in New England in 1977, the<br />

overall economic and regulatory environment sent fishermen a mixed set <strong>of</strong><br />

signals. Some factors, including aspects <strong>of</strong> regulation, stimulated expansion<br />

<strong>of</strong> the groundfishing fleet; others had the opposite effect.<br />

Two surveys indicated fishermen were unhappy with the regulations and<br />

believed federal regulation would drive them out <strong>of</strong> business and lead to the<br />

demise <strong>of</strong> the industry. However, a study <strong>of</strong> the fleet uncovered the fact that<br />

fishermen were purchasing bigger, more versatile boats equipped with more<br />

sophisticated electronic gear. In addition, the number <strong>of</strong> ground fishing<br />

boats increased dramatically. Regulations were only one <strong>of</strong> a number <strong>of</strong><br />

factors influencing the decisions <strong>of</strong> fishermen. The age <strong>of</strong> the fleet,<br />

increased catches and prices for fish, the increase in competition due to the<br />

quota regulations themselves, and the economic difficulties in other <strong>fisheries</strong><br />

all played a role. The fact that regulation helped to produce a fleet with<br />

more capacity to exploit fish stocks raises some key questions about ways to<br />

generate effective, equitable resource management policies.<br />

Adams, Charles M. (1984). "Price Dynamics in the U.S. Shrimp Market."<br />

Ph.D. dissertation, Department <strong>of</strong> Food and Resource Economics,<br />

University <strong>of</strong> Florida, Gainesville, FL.<br />

Understanding the mechanism <strong>of</strong> price determination in a dynamic setting<br />

is imperative to formulating effective policy and assessing price impacts at<br />

each market level. This study examines the monthly and quarterly price<br />

determination process for raw-headless shrimp <strong>of</strong> the 31-40 and 21-25 size<br />

classes. Price response between market levels for both size classes was found<br />

to be symmetric. However, policy measures that alter the quantity or size<br />

distribution <strong>of</strong> shrimp through import quotas, tariffs, or seasonal<br />

restrictions, will have a greater price impact on the smaller shrimp.<br />

Increased supplies <strong>of</strong> maricultural shrimp will have a greater relative price<br />

impact on the 31-40 size class.<br />

Adams, Charles M. (1985). "Selected Economics Research Needs <strong>of</strong> the<br />

Gulf and South Atlantic Shrimp Industry -- A Workshop." Summary<br />

<strong>of</strong> a workshop held September 12-13, 1985, Madeira Beach, Florida.<br />

Technical Paper No. 42, Project No. SGEP-8, Grant No. NA85AA-D-<br />

SG059, November, 55 pp.<br />

The workshop report focuses on (1) the impact <strong>of</strong> the development <strong>of</strong><br />

foreign shrimp mariculture on the various sectors (production, processing,<br />

wholesaling, etc.) <strong>of</strong> the domestic shrimp industry, (2) the impact <strong>of</strong> future<br />

development <strong>of</strong> seafood based analog products and surimi on the domestic shrimp<br />

industry, and (3) the status <strong>of</strong> and problems associated with the development<br />

and improvement <strong>of</strong> econometric and bioeconomic modeling efforts concerning the<br />

domestic shrimp industry.<br />

2

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