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

of Stochastic Externalities." Marine Resource Economics, 4:175-
192.
This paper analyzes alternative policies for controlling stochastic
externalities, considering both the incentive and the risk sharing effects of
each. When polluter actions are unobservable so that regulation is not
possible, alternative liability rules including zero, partial, and full
liability are compared. When actions are observable, then regulation is
possible, and the use of regulation is compared to the use of liability. The
principle agent paradigm provides the analytical approach used to determine
the efficient policy choice. The effect of the availability of insurance is
also addressed. This paper concludes with a discussion of the implications of
the analysis for the control of stochastic marine pollution.
Segerson, Kathleen and Dale Squires (1990). "On the Measurement of
Economic Capacity Utilization for Multi-Product Industries."
Journal of Econometrics, 44:347-361.
This paper considers capacity utilization measures for the multiproduct
firm. The single product dual measure of capacity utilization easily extends
to the multiproduct case. Three possible extensions of the single product
primal measure are considered. Although each has its limitations because of
the restrictions embodied in it, each provides different, yet potentially
useful information about capacity utilization in a multiproduct industry. The
dual and primal measures of multiproduct capacity utilization are applied to
the multispecies New England fishing industry to evaluate the potential for
capacity expansion under a regulatory program of license limitation.
Sen, Sevaly (1994). The Environmental Effects of Trade in the Fisheries
Sector. AGR/FI(94)8/ADD1, Committee for Fisheries, Directorate for
Food, Agriculture and Fisheries, Organization for Economic Co-Operation
and Development, Feb., 21 pp.
This paper discusses current trade flows and the potential environmental
effects of international trade flows in fish and fishery products. It
discusses how trade policies can temper or exacerbate these effects. Finally,
the paper assesses the effectiveness of trade instruments to assist in the
achievement of environmental goals in the fisheries sector and discusses other
possible measures which could be implemented.
Sethi, Rajiv and E. Somanathan (1996). The Evolution of Social Norms in
Common Property Resource Use. American Economic Review, 86(4):766-788.
The problem of extracting commonly owned renewable resources is examined
within an evolutionary-game-theoretic framework. It is shown that cooperative
behavior guided by norms of restraint and punishment may be stable in a well
defined sense against invasion by narrowly self interested behavior. The
resource stock dynamics are integrated with the evolutionary-game dynamics.
Effects of changes in prices, technology, and social cohesion on extraction
behavior and the long run stock are analyzed. When threshold values of the
parameters are crossed, social norms can break down leading generally to the
lowering of the long run stock, and possibly to its extinction.
Shabman, Leonard A. and Sandra S. Batie (1986). "Mitigating Damages
From Coastal Wetlands Development: Policy, Economics and
Financing." Draft report, Department of Agricultural Economics,
Virginia Polytechnic Institute and State University, Blacksburg,
VA.
5 9 9