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

analysis is the characterization of the optimal "switching date" and the
associated "flexibility value"; i.e., the value of the option to switch
production from the first to the second reserve.
Omezzine, Abdallah, Lokman Zaibet, and Hamad Al-Oufi (1996). The Marketing
System of Fresh Fish Products on the Masirah Island in the Sultanate of
Oman. Marine Resource Economics, 11(3):203-210.
The overall objective of this investigation is to generate information
needed for private and public decisions in the fish marketing system on
Masirah Island, Oman. The primary area of inquiry relates to the field of
market organization analysis. The market is described in terms of the number
and nature of buyers and sellers and their size distribution. The methodology
draws on comparisons and contrasts with norms of effective competition and
efficient pricing systems. These norms include elements of market structure,
conduct, and performance.
Onal, Hayri, Bruce A. McCarl, Wade L. Griffin, Gary Matlock, and Jerry
Clark (1991). "A Bioeconomic Analysis of the Texas Shrimp Fishery
and Its Optimal Management." American Agricultural Economics
Association, 73(Nov.):1161-1170.
Overfishing in the Texas shrimp fishing industry by time period and
fishing area is investigated. An optimal harvesting pattern is determined
using a multiperiod mathematical programming model where prices, fishing
effort, catch, and resource dynamics are treated endogenously. These results
are then compared with actual effort. The comparison indicates substantial
excess effort in spring and early summer, especially in the bays and shallow
offshore areas. The peak fishing season also occurs later in the fall in
optimal harvest pattern than in practice. The results indicate both producers
and consumers gain from reduced fishing effort because of improved size
composition of the harvest.
Opaluch, James J. (1981). "A Heuristic Discussion of Optimal Control:
The First Order Conditions and Methods of Solution." No. 81-03,
Department of Resource Economics, University of Rhode Island,
Kingston, Rhode Island 02881 Rhode Island Agricultural Experiment
Station Contribution No. 2001.
Optimal control is important in the area of natural resource economics
since the management of resources over time is a capital theoretic problem.
This paper presents an heuristic discussion of optimal control. The first
order conditions for optimal control are derived at a heuristic level. The
transformation from a continuous-time to a discrete-time framework is
demonstrated. The optimal control conditions are then derived from the
discrete-time formulation. Numerical control problems are also discussed and
phase diagrams are used to characterize solutions to optimal control problems.
Opaluch, James J. (1984). "The Use of Liability Rules in Controlling
Hazardous Waste Accidents: Theory and Practice." Northeast
Journal of Agricultural and Resource Economics, 13(2):210-217.
This paper first reviews strict liability as provided by environmental
legislation, with particular emphasis on its role in hazardous pollution
events. The discussion will be somewhat broader than hazardous waste
management, in that it will include pollution by hazardous substances that may
be valuable commodities prior to the pollution incident. Current legislation
provides various forms of strict liability for hazardous pollution events that
is shown to be consistent with common law doctrine on strict liability and may
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