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

enforce. Use of marine reserves has been suggested as an alternative.
Protective management potentially has several important benefits including (i)
protection os spawning stocks; (ii) provision of recruits to replenish fishing
grounds; (iii) enhancement of catches in adjacent unprotected areas through
emigration; (iv) minimal requirement for information on biology of stocks; and
(v) ease of enforcement. However, the effectiveness of the reserve approach
has not been properly tested. We evaluate the evidence available to test
whether reserves function as predicted on theoretical grounds. In general,
field studies from widespread sites around the globe support predictions of
increases in abundance and average size of fishes in protected areas.
However, evidence for enhanced catches in adjacent areas is more limited, and
evidence to show that reserves can restock fishing grounds is lacking.
Nevertheless, protective management appears to hold much promise for low cost
management of reef fisheries. Research programs in several areas of the
Caribbean and Indo-Pacific have now been launched to refine the approach.
Roberts, Kenneth J. (1995). "Decision Guide to Individual Transferable
Quota (ITQ) Management of Fisheries." Draft guide, Louisiana
Cooperative Extension Service, Louisiana Sea Grant College
Program.
A guide to fishermen explaining individual transferable quotas and an
annotated bibliography of selected articles and reports that is designed to
answer specific questions poised by individuals interested in limited access.
Roberts, Kenneth J. (1995). "Decision Guide to Individual Quota (IQ)
Management of Fisheries." Final Report, Louisiana Cooperative
Extension Service, Louisiana Sea Grant College Program, April, 24
pp.
A guide to fishermen explaining individual quotas and an annotated
bibliography of selected articles and reports that is designed to answer
specific questions poised by individuals interested in limited access.
Roberts, Kenneth J. and M. E. Sass (1979). "Financial Aspects of
Louisiana Shrimp Vessels, 1978." Sea Grant Publication No. LSU-
TL-79-007, Center for Wetland Resources, Louisiana State
University, Baton Rouge, LA, December, 9 pp.
The excellent shrimp harvests of 1977 and 1978 have brought increased
interest in shrimp vessels as investment opportunities. Adding to investor
interest in 1978 were the favorable price and record dockside value of shrimp
(the previous record value was exceeded by 16 percent). Shrimpers and other
investors will respond to the record earnings by constructing new vessels.
Financial incentives such as the Capital Construction Fund (CCF) and the
sheltering of capital gains from vessel appreciation also attract investment.
The CCF and capital gains incentives are long term, but the shrimp harvests
vary from year to year. The result is that investment in the form of vessels
drawn into the fishery due to tax incentives will negatively impact earnings
per vessel when catches and prices return to normal. This may result in
stress on the credit system and shrimp management alternatives, as well as
bring about public assistance to help an ailing industry. Based on a survey
of 129 operators, shrimp vessels harvested the same quantity of shrimp in 1978
as they did in the record year of 1977 with 1978 prices higher than 1977,
resulting in an above average financial condition for shrimp vessels. The
financial condition of shrimp vessels in 1978 may be hard to improve on as
shrimp catches retreat from record levels, more vessels begin shrimping, and
costs continue to increase.
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