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

allocation problem for exhaustible resources in neoclassical terms.
Beddington, John R. and Colin W. Clark (1984). "Allocation Problems
Between National and Foreign Fisheries with a Fluctuating Fish
Resource." Marine Resource Economics, 1(2):137-154.
The problem of allocating the rights to exploit fish resources between
domestic and foreign fleets is posed in the context of a fluctuating fish
stock. Such fluctuations are ubiquitous and are driven by the recruitment
variation. A number of biological models are proposed to describe the
dynamics of the resource. It is supposed that harvesting by both foreign and
domestic fleets is permitted, and the possibilities for allocation between
these two fleets are examined. The optimal allocation policy is derived for a
number of different economic and biological situations. In many situations it
will be optimal for there to be a mix of foreign and domestic fishing on the
resource. This result implies that licensing and joint venture agreements
between coastal states and distant water fishing nations may be desirable from
the point of view of the coastal state, even in the long term.
Beddington, J.R. and Robert M. May (1977). "Harvesting Natural
Populations in a Randomly Fluctuating Environment." Science,
197:463-465.
As harvesting effort and yield are increased, animal populations that
are being harvested for sustained yield will take longer to recover from
environmentally imposed disturbances. One consequence is that the coefficient
of variation (the relative variance) of the yield increases as the point of
maximum sustained yield (MSY) is approached. When overexploitation has
resulted in a population smaller than that for MSY, high effort produces a low
average yield with high variance. These observations accord with observed
trends in several fish and whaling industries. We expect these effects to be
more pronounced for a harvesting strategy based on constant quotas than for
one based on constant effort. Although developed in a MSY context, the
conclusions also apply if the aim is to maximize the present value of
(discounted) net economic revenue.
Beddington, John R., C.M.K. Watts and W.D.C. Wright (1975). "Optimal
Cropping of Self-Reproducible Natural Resources." Econometrica,
43:789-802.
Models of the behavior of populations of self-reproducible natural
resources in an economic framework have rarely anticipated the consequences of
different forms of production functions. This paper investigates sufficient
conditions for extinction in a very general model as well as a model having a
specific production function. In the second section additional considerations
relating to extinction are deduced as well as the existence of a watershed
level of population. These conclusions are exemplified using data from one
particular population of red deer.
Beideman, Nelson R. (1995). Letter. Addressed to the Highly Migratory
Species Management Division, National Marine Fisheries Service, 1335
East-West Highway, Silver Spring, MD, July 17.
Comments on the proposed swordfish total allowable catch rulemaking. An
interesting and insightful discussion of the sociology and economics of the
longline fishery in the North Atlantic.
Beideman, Nelson R. and Terri Beideman(1995). Summary: BWFA Swordfish 1995
TAC Comments. FAX Transmission. Addressed to the Highly Migratory
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