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

Discusses the papers by McConnell (1979) and Bishop and Heberlein (1979)
and states that additional research needs to be done before nonmarket
valuation studies are of use to policy makers.
Bator, Francis M. (1957). "The Simple Analytics of Welfare
Maximization." American Economic Review, 47:22-59.
This paper presents a complete and concise nonmathematical treatment of
the problem of welfare maximization in its "new welfare economics" aspects.
Bator, Francis M. (1958). "The Anatomy of Market Failure." The
Quarterly Journal of Economics, (August):351-379.
The paper explores those phenomenon that cause even errorless profitand
preference-maximizing calculation in a stationary context of perfect
information and foresight to fail to sustain Pareto efficient allocation.
Battese, George E. and Sumiter S. Broca (1996). Functional Forms of
Stochastic Frontier Production Functions and Models for Technical
Inefficiency Effects: A Comparative Study for Wheat Farmers in
Pakistan. No. 4/96, CEPA Working Papers, Department of Econometrics,
University of New England, Armidale, NSW 2351, Australia, 26 pp.
This paper considers translog and Cobb-Douglas stochastic frontiers in
which the technical inefficiency effects are defined by three different
models. The models involved are the time varying inefficiency model, proposed
by Battese and Coelli (1992), the inefficiency effects model for panel data,
proposed by Battese and Coelli (1995), and the non-neutral frontier model,
proposed by Huang and Liu (1994). Technical change is also accounted for in
the frontier models. Predicted technical efficiencies of the wheat farmers
and estimates of the elasticities of wheat production with respect to the
different inputs and the returns to scale parameter are compared under the
different model specifications.
Battese, G.E. and T.J. Coelli (1993). A Stochastic Frontier Production
Function Incorporating a Model for Technical Inefficiency Effects. No.
6, October, 27 pp.
A stochastic frontier production function is defined for panel data on
firms, in which the non-negative technical inefficiency effects are assumed to
be a function of firm-specific variables and vary over time. The maximumlikelihood
method is applied for the estimation of the parameters of the model
and prediction of the technical efficiencies of the firms over time. Am
empirical application of the inefficiency stochastic frontier model is
obtained using up to ten years of data on paddy farmers from an Indian
village.
Baumol, William J. (1982). "Applied Fairness Theory and Rationing
Policy." The American Economic Review, 72(4):639-651.
While this paper deals with many issues related to a variety of
rationing forms, its primary purpose is to show that the fairness criterion is
operational; that it can be applied to concrete problems and that with its aid
one can derive results that are not all obvious in advance. Of course,
rationing was selected for that purpose because of all economic equity issues,
it seems to lend itself most readily to this sort of approach.
Baumol, William J. and Wallace E. Oates (1975). "Externalities:
Definition, Significant Types, and Optimal-Pricing Conditions."
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