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

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iological productivity <strong>of</strong> the underlying fish stock. In Model B, this<br />

assumption is relaxed. Results <strong>of</strong> both models suggest that if harvesting<br />

effort in the FAD fishery is unregulated, installation <strong>of</strong> FAD networks will<br />

not generally increase fishermen';s aggregate pr<strong>of</strong>it position. Furthermore,<br />

depending on relative productivity and cost <strong>of</strong> effort in FAD and non-FAD<br />

fishery, deployment <strong>of</strong> FADs may generate unintended results; decreases in<br />

employment, harvest levels, and sustained gross revenues. Potential problems<br />

are especially acute when FAD fishing effort is low cost and efficient, and<br />

FADs are effective at aggregating fish. These findings point to the need for<br />

managing levels <strong>of</strong> commercial fishing effort at FAD locations. Limited entry<br />

schemes, licensing and user fees are discussed as possible management options.<br />

Sampson, David B. (1991). "Fishing Tactics and Fish Abundance, and<br />

Their Influence on Catch Rates." ICES J. Mar. Sci., 48:291-301.<br />

Choosing a location for fishing is the major short run decision made by<br />

the skipper <strong>of</strong> a fishing vessel. Because the spatial density <strong>of</strong> fish is not<br />

uniform everywhere, where a skipper decides to fish largely determines the<br />

size and value <strong>of</strong> his catch. For that to be a rational decision, the skipper<br />

must consider not only the catches he is likely to make at different locations<br />

but also the costs incurred in fishing at those locations. As a consequence<br />

the catch rates and the catch per unit effort observed in a fishery depend not<br />

just on fish stock abundance but also on economic factors such as wage rates<br />

and fish and fuel prices. This paper develops some simple theoretical models<br />

for examining a fisherman's selection <strong>of</strong> fishing location. The spatial<br />

distribution <strong>of</strong> the fish stock is reduced to a single dimension, distance from<br />

port, and it is assume d that fish density increases linearly with distance<br />

from port and that the relative densities remain constant regardless <strong>of</strong> the<br />

absolute level <strong>of</strong> fish stock abundance. If a skipper operates his vessel<br />

further from port, he gains access to greater densities <strong>of</strong> fish and higher<br />

instantaneous catch rates but uses more fuel and time for travel. A skipper<br />

can maximize his share <strong>of</strong> the fishing pr<strong>of</strong>its by operating his vessel at a<br />

particular distance from port. The skipper operates within constraints that<br />

determine the form <strong>of</strong> the revenue and cost functions. Two models are<br />

considered. In the first, the duration <strong>of</strong> a fishing trip is considered by the<br />

size <strong>of</strong> the fish hold or by some other limit to the amount <strong>of</strong> fish that can be<br />

landed; each fishing trip continues until the hold is filled. In this case<br />

catch and revenue per trip are constant but the fishing costs vary nonlinearly<br />

with distance from port. Here the catch per unit effort is a nonlinear<br />

function <strong>of</strong> the total biomass <strong>of</strong> the fish stock but the cpue is independent <strong>of</strong><br />

the price <strong>of</strong> fish. In the second model, there is a time constraint: to fill<br />

the hold would take too much time. In this case each trip is <strong>of</strong> a fixed<br />

duration and catch and revenue per trip are quadratic functions <strong>of</strong> distance<br />

from port and operating costs vary linearly. Here cpue is a linear function<br />

<strong>of</strong> fish stock biomass and a nonlinear function <strong>of</strong> fish price.<br />

Sampson, David B. (1992). "Fishing Technology and Fleet Dynamics:<br />

Predictions from a Bioeconomic Model." Marine Resource Economics,<br />

7(1):37-58.<br />

Bioeconomic models <strong>of</strong> <strong>fisheries</strong> usually do not provide details <strong>of</strong><br />

fishermen's short-run behavior. This paper develops a model for the short-run<br />

selection <strong>of</strong> fishing location by pr<strong>of</strong>it maximizing fisherman in an open access<br />

fishery given that fish density increases further from port and given that<br />

fishing trips have a fixed duration. For any particular level <strong>of</strong> fish price<br />

and fish stock abundance, a fishing vessel's technical characteristics (fuel<br />

consumption, catch rate, vessel speed) and economic characteristics (wage<br />

rates, fuel price) determine the optimum location for fishing. A long run<br />

model is derived; the cost flows for the fishing vessel and the biological<br />

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