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

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A conditional demand function that expresses demand for a food as a<br />

function <strong>of</strong> its own price, the prices <strong>of</strong> some (but not all) other goods, total<br />

expenditure on these goods, and the quantities <strong>of</strong> the remaining goods is<br />

introduced in this paper. Conditional demand functions while related to<br />

ordinary demand functions are directly relevant to the analysis <strong>of</strong> consumer<br />

behavior in the short run, when fixed commitments prevent instantaneous<br />

adjustment to the long run equilibrium and to the study <strong>of</strong> consumer behavior<br />

under rationing.<br />

Pollak, Robert A. (1995). "Regulating Risks." Journal <strong>of</strong> Economic<br />

Literature, 33(1):179-191.<br />

A review <strong>of</strong> two books on risk and its regulation. The results <strong>of</strong> the<br />

two books are discussed in terms <strong>of</strong> risk assessment, the scientific component<br />

<strong>of</strong> risk regulation. The article concludes by discussing whether the proposals<br />

for practical reform are likely to create institutions that engender enough<br />

trust to succeed.<br />

Pollak, Robert A. and Michael L. Wachter (1975). "The Relevance <strong>of</strong> the<br />

Household Production Function and Its Implications for the<br />

Allocation <strong>of</strong> Time." Journal <strong>of</strong> Political Economy, 83(2):255-277.<br />

This paper provides a critique <strong>of</strong> the household production function<br />

approach and its application to the allocation <strong>of</strong> time. It is argued that<br />

many applications <strong>of</strong> the model, especially those making use <strong>of</strong> implicit<br />

"commodity prices," require that the households's technology exhibit constant<br />

returns and no joint production; otherwise, implicit commodity prices depend<br />

on the household's preferences as well as on its technology and the prices <strong>of</strong><br />

market goods. Furthermore, joint production is pervasive in situations<br />

involving the allocation <strong>of</strong> time. In situations where household production<br />

theory does not provide a satisfactory framework for analysis, the paper<br />

suggests alternative approaches.<br />

Pollard, Jon (1994). "Limited Entry Fishing Rights: Property<br />

Implications." Position Paper presented at the Limited Access<br />

Workshop, Seattle, Washington, November 1-3. National Marine<br />

Fisheries Service, General Council, Alaska Region.<br />

This paper discusses the concept <strong>of</strong> property in relation to individual<br />

transferable quotas (ITQs). While considered intangible property, limited<br />

entry fishing rights are not considered private property by the courts.<br />

Therefore, compensation is not necessarily required if the government revokes<br />

or takes these rights. The courts note that the licensing agencies ordinarily<br />

retain the statutory authority to regulate uses <strong>of</strong> public lands and waterways<br />

in the public interest.<br />

Pollock, David E. (1986). Review <strong>of</strong> the Fishery for and Biology <strong>of</strong> the Cape<br />

Rock Lobster Jasus lalandii with Notes on Larval Recruitment. Can. J.<br />

Fish. Aquat. Sci., 43:2107-2117.<br />

The South African fishery for the rock lobster Jasus lalandii currently<br />

yields about 3800 metric tons (8.4 million animals) <strong>of</strong> which more than 90% are<br />

males. Males grow much faster than females, and a size limit which is fairly<br />

large in relation to the size and age at maturity protects females from<br />

exploitation for most <strong>of</strong> their life spans, thereby ensuring a high level <strong>of</strong><br />

larval production from the population. Exploitation rates in the fishery are<br />

controlled by means <strong>of</strong> quotas on fishing companies, as well as catch limits on<br />

individual fishing grounds. Quotas are reassessed annually to maintain<br />

instantaneous fishing mortality rates <strong>of</strong> approximately 0.3 on all grounds.<br />

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