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

e particularly useful given institutions provided by other legislation. The
paper then constructs a brief conceptual framework for liability for pollution
incidents, and presents some simulation results concerning perceptions of the
probability of a hazardous pollution incident.
Opaluch, James J. (1987). "Marine Pollution and Environmental Damage
Assessment: Introduction." Marine Resource Economics, 4:151-154.
An introduction to the results of a workshop on marine pollution and
environmental damage assessment held in Narragansett, R.I. in June, 1986 by
the association of Environmental and Resource Economists (AERE), U.S.
Environmental Protection Agency (EPA), and National Oceanic and Atmospheric
Administration.
Opaluch, James J. and Nancy E. Bockstael (1984). "Behavioral Modeling
and Fisheries Management." Marine Resource Economics, 1(1):105-
115.
Because of the extreme uncertainty in fisheries biology, efforts to
determine a stock recruitment relationship have not been entirely successful.
In the face of this uncertainty, this paper argues for a change in focus for
fisheries economics from bioeconomic optimization toward goals that are more
modest and more easily achievable. In particular, a satisficing approach to
management is advocated, whereby efforts are made to reallocate fisheries,
with no attempt to determine the optimum. To achieve such a solution
efficiently, managers must accurately predict the response of fishermen to
public policy. This paper reports on a study that develops a discrete choice
model to predict fishermen's supply response. Fishermen are shown to respond
to economic incentives of expected returns and variability of returns, but
only after these incentives surpass a substantial threshold.
Opaluch, James J. and Thomas A. Grigalunas (1989). "OCS-Related Oil
Spill Impacts on Natural Resources: An Economic Risk Analysis."
Paper Prepared for the 1989 Oil Spill Conference, San Antonio,
Texas, February 13-15, 22 pp.
Risk analyses of oil spills are important in the development of OCS
leasing policy as well as other marine policies relating to oil. This paper
explores the use of the Natural Resource Damage Assessment Model for Coastal
and Marine Resources (NRDAM/CME) to provide risk analysis of oil spills
related to OCS oil development. For the categories of natural resources
included in the NRDAM/CME, the expected value of damages from large oil spills
appears quite small relative to the value of oil developed. Expected damages
range from $300 thousand to $19.7 million per billion barrels of oil
developed. Ongoing research by the authors will refine these estimates by
including (1) additional categories of damages, that will increase the damage
estimates, and (2) oil spill cleanup and the effect of OCS production on
reducing imports, that will reduce the estimated net costs of OCS development.
Opaluch, James J. and Richard M. Kashmanian (1983). "Assessing the
Viability of Marketable Permit Systems: An Application in
Hazardous Waste Management." Department of Resource Economics,
University of Rhode Island, Kingston, Rhode Island.
Marketable permits are assessed for control of hazardous emissions from
jewelry manufacturers. First, potential efficiency benefits are calculated,
as compared to the method proposed by EPA. Secondly, the distribution of
benefits is examined to assess the political viability of marketable permits.
Marketable permits are shown to result in savings of 60 percent. However,
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