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

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understanding <strong>of</strong> alternative regimes produces eight criteria. These are<br />

applied to the choice between two systems <strong>of</strong> restricting entry: a tax and<br />

quotas. The transactions costs <strong>of</strong> the two systems are also investigated. The<br />

hypothesis is formed that the eight criteria, plus expected transactions<br />

costs, give the edge to a quota system; but this is only illustrative <strong>of</strong> the<br />

approach.<br />

Scott, Anthony (ed.) (1985). Progress in Natural Resource Economics.<br />

Clarendon Press, Oxford.<br />

This volume attempts to meet the obvious need for intensive research on<br />

resource topics based on a Canadian Council program grant. It surveys the<br />

fields <strong>of</strong> renewable and nonrenewable resources, institutions, and ideologies.<br />

Scott, Anthony (1988). "Development <strong>of</strong> Property in the Fishery."<br />

Marine Resource Economics, 5:289-311.<br />

To what extent is the recently invented individual catch quota a form <strong>of</strong><br />

real property right? This article introduces six quantitative characteristics<br />

<strong>of</strong> all personal interests in land and natural resources. It is shown that<br />

medieval fishing rights had some <strong>of</strong> these characteristics, but these rights<br />

were not developed in the common law <strong>of</strong> property. The article then turns to<br />

modern regulatory licenses and catch quotas and examines the extent to which<br />

they embody property characteristics. In a digression, the obstacles to<br />

political acceptance <strong>of</strong> the individual fishery property concept are surveyed.<br />

The paper concludes by suggesting that catch quotas may develop into shares in<br />

the fish stock or biomass itself.<br />

Scott, Anthony (1989). "Conceptual Origins <strong>of</strong> Rights Based Fishing."<br />

Pages 11-38 in P.A. Neher, R. Arnason, and N. Mollett (eds.)<br />

Rights Based Fishing. Dordrecht: Academic Publishers.<br />

Recent innovations in quota rights are only a stage in the progression<br />

to private ownership <strong>of</strong> <strong>fisheries</strong>.<br />

Scott, Anthony (1993). "Obstacles to Fishery Self-Government." Marine<br />

Resource Economics, 8(3):187-199.<br />

This paper uses some aspects <strong>of</strong> modern organization and management<br />

theory to suggest what difficulties arise with the introduction <strong>of</strong> self<br />

government in <strong>fisheries</strong>. Recent studies are used to shed light on the<br />

characteristics <strong>of</strong> <strong>fisheries</strong> that already have apparently successful schemes<br />

<strong>of</strong> self government. A simple question is asked: if for a fishery under<br />

regulation it had already been decided, in principle, that self government<br />

should be tried, which obstacles would be most serious? Among the suggested<br />

answers are deficient information, excessive numbers <strong>of</strong> fishermen and<br />

fishermen heterogeneity. The least serious <strong>of</strong> these are the distributional<br />

problems.<br />

Scott, Frank A. (1983). "A Note on Uncertain Input Prices, Pr<strong>of</strong>it Risk,<br />

and the Rate-Of-Return Regulated Firm." Land Economics,<br />

59(2):247-254.<br />

The themes <strong>of</strong> lagged regulation and uncertainty are brought together in<br />

this paper because existing studies <strong>of</strong> rate <strong>of</strong> return regulation and<br />

uncertainty have focused predominately on demand or revenue uncertainty, while<br />

input price uncertainty has been virtually ignored.Rapid changes in input<br />

prices have brought the issue <strong>of</strong> regulatory lag to the forefront. This and<br />

the regulatory commissions response <strong>of</strong> moving toward continuous regulation<br />

5 9 6

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