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

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solutions, one <strong>of</strong> the main ones being institution <strong>of</strong> IQs. An extensive<br />

consultative process with industry ensued to establish the quota allocation<br />

process, bycatch trading rules, appeal procedures, and sanctions for<br />

violators. In addition, a new user paid catch monitoring system was<br />

established as a central feature <strong>of</strong> enforcement. While it is too early to<br />

gauge the success <strong>of</strong> the IQ approach, it has received support <strong>of</strong> participants,<br />

but criticism from other sectors, particularly in relation to social<br />

consequences and enforcement problems. The effects <strong>of</strong> IQs will have to be<br />

carefully monitored to understand how this regulatory tool impacts the fleets<br />

as well as the communities that depend upon them.<br />

O Boyle, R.N., A.F. Sinclair, and P.C.F. Hurley (1991). A Bioeconomic Model<br />

<strong>of</strong> an Age-Structured Groundfish Resource Exploited by a Multi-Gear<br />

Fishing Fleet. ICES Mar. Sci. Symp., 193:264-274.<br />

A bioeconomic model <strong>of</strong> the Scotian Shelf groundfish fishery involving<br />

otter trawler and longliner fleets was constructed to examine the biological<br />

economic, and regulatory consequences <strong>of</strong> the interaction <strong>of</strong> these two fleets.<br />

Otter trawlers catch younger fish than longliners and the revenue-cost<br />

pictures are very different. The model allowed examination <strong>of</strong> the long-term<br />

equilibrium levels and short term transitory paths. The results <strong>of</strong> the<br />

simulation indicate that both yield and employment were superior for<br />

longliners. However, otter trawlers, although experiencing higher operating<br />

costs, could out compete longliners owning to higher sustained catch rates<br />

and thus revenue per unit cost. From a regulatory point <strong>of</strong> view, it was<br />

determined that, under the assumptions <strong>of</strong> this study, the fishery could be<br />

managed by regulating only trawler activity. The longliner fleet could be<br />

left essentially unregulated since it is not economical for it to overfish the<br />

stock. The results <strong>of</strong> this study have significant implications for the<br />

management <strong>of</strong> multispecies, multi-gear <strong>fisheries</strong> in which differential age<br />

effects <strong>of</strong> exploitation are present.<br />

O'Brien, Kevin (19??). "How to Save the Manatee." Florida Angler.<br />

Manatees are harmful to the marine environment by eating the sea grass<br />

and polluting the waters with nitrogenous waste. "Waterways are for boaters.<br />

They are not zoos."<br />

O'Hop, Joe (1995). Letter to Nancie Parrack, Department <strong>of</strong><br />

Environmental Protection, Florida Marine Research Institute, 100<br />

Eighth Avenue, S.E., St. Petersburg, Florida, March 17.<br />

King mackerel landings by quota group for 1991-92 to 1994-95, breakdowns<br />

by pound categories for the quota groups, and landings by the South Atlantic<br />

Fishery Management Council's proposed variation on subregional allocations.<br />

O'Rourke, Desmond (1971). "Economic Potential <strong>of</strong> the California Trawl<br />

Fishery." American Journal <strong>of</strong> Agricultural Economics, 53(4):583-<br />

592.<br />

This paper presents a technique for estimating the physical yield<br />

function <strong>of</strong> a fishery when detailed biological and environmental data are<br />

lacking. The physical yield function <strong>of</strong> the California trawl fishery is<br />

incorporated in an economic model to show the relationship between maximum<br />

sustainable physical yield <strong>of</strong> the fishery and maximum economic yield.<br />

Maximizing the economic benefit <strong>of</strong> the fishery to society would involve a<br />

drastic reduction in resource use at a catch level considerably below the<br />

biological maximum sustainable yield. Only through marginal cost pricing can<br />

resources be allocated efficiently to the fishery.<br />

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