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

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Commercial/Recreational allocation decisions should be made with full<br />

knowledge <strong>of</strong> the benefits and costs to all affected user groups. The user<br />

groups that have received most <strong>of</strong> the attention in debates over allocation are<br />

the sport fishers and the commercial fishers. One user group that has not<br />

received much attention is the consumers <strong>of</strong> commercially caught fish.<br />

Americans are eating more fish each year. Changes in commercial allocations<br />

have impacts on consumers that should be accounted for. This section explores<br />

some <strong>of</strong> the issues that arise when attempting to estimate the benefits that<br />

accrue to the consumers <strong>of</strong> commercially caught fish. Specifically, techniques<br />

are described that allow estimation <strong>of</strong> the consumer surplus associated with<br />

changes in harvest, using data on ex-vessel landings and prices that is<br />

already available for many <strong>fisheries</strong>.<br />

Redfield, Michael L. (1971). Costs and Pr<strong>of</strong>itability in the Commercial<br />

Fishing Industry: The Insurance Dilemma. WSG-MP 71-4, Washington Sea<br />

Grant Program, Division <strong>of</strong> Marine Resources, University <strong>of</strong> Washington,<br />

November, 59 pp.<br />

Any solution to the problems <strong>of</strong> high insurance costs must include<br />

limited entry. Any decline in fixed costs would increase entry into the<br />

fishery and further exacerbate the dissipation <strong>of</strong> rent that exists in any open<br />

access or common property resource.<br />

Reed, William J. (1984). "The Effects <strong>of</strong> the Risk <strong>of</strong> Fire on the<br />

Optimal Rotation <strong>of</strong> a Forest." Journal <strong>of</strong> Environmental Economics<br />

and Management, 11:180-190.<br />

The effects <strong>of</strong> the risk <strong>of</strong> fire or other unpredictable catastrophe on<br />

the optimal rotation period <strong>of</strong> a forest stand are investigated. It is<br />

demonstrated that when fires occur in a time independent Poisson process, and<br />

cause total destruction, the policy effect <strong>of</strong> the fire risk is equivalent to<br />

adding a premium to the discount rate that would be operative in a risk free<br />

environment. Other cases are also investigated and in each a modified form <strong>of</strong><br />

the Faustmann formula is derived and a "marginal" economic interpretation<br />

given.<br />

Reef fish Stock Assessment Panel (1997). October 1997 Report <strong>of</strong> the Reef<br />

Fish Stock Assessment Panel. Gulf <strong>of</strong> Mexico Fishery Management<br />

Council, 3018 U.S. Highway 301 North, Suite 1000, Tampa, Florida,<br />

October, 38 pp.<br />

A review <strong>of</strong> the stock assessments prepared by the National Marine<br />

Fisheries service, Southeast Fisheries Science Center on Gag and red snapper<br />

and a review <strong>of</strong> summary biological data on gray triggerfish. A recommended<br />

range <strong>of</strong> allowable biological catch (ABC) and framework measures required to<br />

attain management goals is also made.<br />

Reese, Gladys B. (ed.) (1992). "1991 MARFIN Annual Report: Small<br />

Pelagics (Butterfish, Coastal Herrings and Associated Species),<br />

Shrimp Trawl Bycatch Reduction, TED Technology Transfer." U.S.<br />

Department <strong>of</strong> Commerce, National Oceanic and Atmospheric<br />

Administration, National Marine Fisheries Service, Southeast<br />

Fisheries Science Center, Mississippi Laboratories, Pascagoula,<br />

MS, March, 258 pp.<br />

This report encompasses the 1991 Annual Reports for the Small Pelagics,<br />

Shrimp Trawl Bycatch Reduction, and TED Technology Transfer projects. These<br />

projects are funded in part by MARFIN, and the 1991 Annual Reports have been<br />

combined and presented as the 1991 MARFIN Annual Report.<br />

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