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

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Rothschild, Brian J. (1972). "An Exposition on the Definition <strong>of</strong><br />

Fishing Effort." Fishery Bulletin, 70(3):671-679.<br />

The term "fishing effort" is well defined in population dynamics<br />

<strong>literature</strong>. The term as defined in the population dynamics <strong>literature</strong> is,<br />

however, difficult to reconcile with broader definitions <strong>of</strong> fishing effort,<br />

particularly those having economic implications. The present paper discusses<br />

the distinction between the definitions and gives some examples in the context<br />

<strong>of</strong> allocating inputs, the capacities <strong>of</strong> fishing boats, and several stocks to<br />

the catch in a manner that maximizes pr<strong>of</strong>its. Managerial behavior is also an<br />

important input to the fishing process; this is discussed in a decision theory<br />

format where decision quality can be measured relative to entropy in the<br />

decision environment affording a comparison among decision environments in<br />

terms <strong>of</strong> information and an imputed valuation <strong>of</strong> a bit <strong>of</strong> information under<br />

various circumstances. The conventional measures <strong>of</strong> the quality <strong>of</strong> the<br />

decision environment are <strong>of</strong>ten based upon expected catch. Alternate measures<br />

are discussed which include the expected loss or the risk involved in the<br />

decision process.<br />

Rothschild, Brian J. (1977). "Fishing Effort." Chapter 5 in J.A.<br />

Gulland (ed.) Fish Population Dynamics. John Wiley and Sons, New<br />

York, New York.<br />

A discussion <strong>of</strong> fishing effort and fishing mortality as applied to<br />

problems involving population dynamics.<br />

Rothschild, Brian J. (1996). "How Bountiful are Ocean Fisheries."<br />

Consequences, 2(1):15-24.<br />

In the last seven years, while the world population was climbing by<br />

about 10 percent, the total landings <strong>of</strong> fish from the ocean declined by almost<br />

as much, signaling, perhaps, the end <strong>of</strong> the long summer <strong>of</strong> human history when<br />

the waters beneath the ocean surface seemed to hold an unending supply <strong>of</strong> fish<br />

for food. There is hope that improved knowledge <strong>of</strong> fish and ocean ecosystems,<br />

more enlightened management, and more prudent allocations can once again<br />

increase the yield . It is certainly true that the science <strong>of</strong> <strong>fisheries</strong> has<br />

much to learn, and that <strong>fisheries</strong> management, as practiced in most seafaring<br />

nations, has more <strong>of</strong>ten focused on immediate interests than on what is<br />

sustainable in the long haul. The need to know more and manage better is<br />

heightened by the environmental changes that have altered today s rivers and<br />

coastlines, and by tomorrow s prospects <strong>of</strong> possible climate change.<br />

Technological and economic advances in aquaculture, worldwide a growing<br />

industry, could also help, where these efforts directed more toward fish as a<br />

dietary staple, as opposed to a luxury.<br />

Rothschild, Brian J., A.F. Sharov, and A.Y. Bobyrev (1997). "Red<br />

Snapper Stock Assessment and Management for the Gulf <strong>of</strong> Mexico."<br />

Draft report submitted to the <strong>Office</strong> <strong>of</strong> Science and Technology,<br />

National Marine Fisheries Service by the Center for Marine Science<br />

and Technology, University <strong>of</strong> Massachusetts, North Dartmouth,<br />

Massachusetts, August, 52 pp.<br />

This is an independent scientific stock assessment <strong>of</strong> the status <strong>of</strong> the<br />

red snapper in the Gulf <strong>of</strong> Mexico as mandated by Congress to determine the<br />

status <strong>of</strong> the stock, appropriateness <strong>of</strong> the current assessment models,<br />

soundness <strong>of</strong> results and conclusions from the existing stock assessment, level<br />

<strong>of</strong> uncertainty, stock restoration management measures, and their consistency<br />

with the precautionary approach to <strong>fisheries</strong>. A second paper contains a set<br />

<strong>of</strong> comments from three independent peer reviewers.<br />

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