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

Within the framework of the disaster research literature, this study
analyses the initial (5 month) and continuing (18 month) community disruption
and stress resulting from the Valdez oil spill. The research design includes
data collected from both "impact" and "control" communities. A comparative
analysis provides the basis for evaluating the social impacts of the spill in
1989 and 1990, while patterns of disruption and stress are also identified
within the control community.
Pile, Anthony (1981). "Shrimp Industry; An Analysis and Account of the
Shrimp Market in the United Kingdom." London Business School,
Sussex Place, Regent's Park, London N.W., June, 37 pp.
The question of growth in the shrimp industry is addressed using the
markets in the U.K. as examples. The shrimp industry is described in part I
and the U.K. market is described in part II with projects for the future
provided.
Pindyck, Robert S. (1982). "Jointly Produced Exhaustible Resources."
Journal of Environmental Economics and Management, 9:291-303.
Natural resources are often produced jointly from composite ores that in
turn are extracted from fixed reserve endowments. In this paper market
behavior is examined for such resources and it is shown how the price of each
resource will depend on its demand, and the demands and storage costs for the
other resources present in the ore. The measurement of resource scarcity is
discussed and the effects of uncertainty over future resource demands are
examined. It is shown that the competitive market will still extract,
produce, and store at socially optimal rates if firms are risk neutral and the
average cost of storage is constant. Policy implications are noted,
particularly with reference to government stockpiling programs.
Pindyck, Robert S. (1984). "On Monopoly Power in Extractive Resource
Markets." Energy Laboratory Working Paper No. MIT-EL 84-008WP,
Center for Energy Policy Research, MIT Energy Laboratory, May.
Potential monopoly power in extractive resource markets is reduced by
the depletability of reserves. This paper examines the dependence of monopoly
power on resource rent, and on uncertainty over future reserve levels. A
model is developed that treats reserves as inventories that fluctuate
stochastically over time as a result of exploration, development, and
production activities. Solutions of the model illustrate how output and
monopoly power vary with the elasticity of demand, rent as a fraction of
price, and the variance of reserve fluctuations. It is shown that uncertainty
over future reserves can speed up production, and by reducing resource rent,
restore part of the monopoly power otherwise lost because of depletion.
Antitrust implications are also discussed.
Pindyck, Robert S. (1984). "The Measurement of Monopoly Power in
Dynamic Markets." Sloan School of Management Working Paper No.
1540-84.
In markets where price and output are determined intertemporally, the
standard Lerner index is a biased and sometimes misleading measure of actual
or potential monopoly power. This paper shows how the Lerner index can be
modified to provide a meaningful instantaneous measure of monopoly power
applicable to dynamic markets, and discusses the aggregation of that
instantaneous measure across time. The importance of accounting for
intertemporal constraints in antitrust and related applications is illustrated
by the analysis of four examples: an exhaustible resource, the "learning
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