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

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Sandal, Leif K. and Stein Ivar Steinshamn (1997). A Stochastic Feedback<br />

Model for Optimal Management <strong>of</strong> Renewable Resources. Natural Resource<br />

Modeling, 10(1):31-51.<br />

Analytical expressions for optimal harvest <strong>of</strong> a renewable resource stock<br />

which is subject to a stochastic process are found. These expressions give<br />

the optimal harvest as an explicit feedback control law. All relations in the<br />

model, including the stochastic process, may be arbitrary functions <strong>of</strong> the<br />

state variable (stock). The objective function, however, is at most a<br />

quadratic function in the control variable (yield). A quadratic objective<br />

function includes the cases <strong>of</strong> downward sloping demand and increasing marginal<br />

costs which are the most common sources for nonlinearities in the economic<br />

part <strong>of</strong> the model. When it is assumed that there is a moratorium on harvest<br />

for stock sizes below a certain level (biological barrier), it is shown that<br />

the barrier requirements influence the optimal harvest paths throughout.<br />

Sanders, Nathaniel, Jr., David M. Donaldson, and Perry A. Thompson<br />

(eds.) (1990). "SEAMAP Environmental and Biological Atlas <strong>of</strong> the<br />

Gulf <strong>of</strong> Mexico, 1987." Number 22, Gulf States Marine Fisheries<br />

Commission, November, 337 pp.<br />

The Southeast Area Monitoring and Assessment Program (SEAMAP) is a<br />

State/Federal/University program for the collection, management, and<br />

dissemination <strong>of</strong> fishery independent data in the United States waters <strong>of</strong> the<br />

Gulf <strong>of</strong> Mexico. A major SEAMAP objective is to provide the large,<br />

standardized data base needed by management agencies, industry, and scientists<br />

to wisely manage and develop fishery resources for the least possible cost.<br />

This report is the sixth in a series <strong>of</strong> SEAMAP environmental and biological<br />

atlases that presents such data in a summarized form collected during the 1987<br />

SEAMAP surveys.<br />

Sandler, Todd and Frederic P. Sterbenz (1990). "Harvest Uncertainty and<br />

the Tragedy <strong>of</strong> the Commons." Journal <strong>of</strong> Environmental Economics<br />

and Management, 18:155-167.<br />

This paper demonstrates that a fixed number <strong>of</strong> risk averse firms faced<br />

with harvest uncertainty owing to resource stock uncertainty will typically<br />

reduce their exploitation <strong>of</strong> a commons. In addition, the total exploitation<br />

<strong>of</strong> the industry will decrease when entry is permitted and uncertainty is<br />

compared with certainty. This result holds for perfectly competitive output<br />

markets and also characterizes imperfectly competitive output markets with<br />

linear market demand and risk neutral firms. In the latter case, the socially<br />

optimum number <strong>of</strong> firms is determined based upon the degree <strong>of</strong> uncertainty,<br />

the price elasticity <strong>of</strong> market demand, and the elasticity <strong>of</strong> input<br />

productivity.<br />

Sarthou, Cynthia M. (1996). Letter to Wayne Swingle, Gulf <strong>of</strong> Mexico Fishery<br />

Management Council, September, 20 th , 2 pp.<br />

Letter expressing the concern <strong>of</strong> the Gulf Restoration Network about the<br />

decline in large coastal shark populations in the Gulf <strong>of</strong> Mexico.<br />

Sather, J. Henry and Patricia J. Ruta Stuber (tech. Coordinators)<br />

(1984). "Proceedings <strong>of</strong> the National Wetland Values Assessment<br />

Workshop." May 23-26, 1983, Alexandria, Virginia. Fish and<br />

Wildlife Service, U.S. Department <strong>of</strong> the Interior.<br />

This is a summary <strong>of</strong> the information emanating from the Wetland Values<br />

Assessment Workshop.<br />

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