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

Scientists and Managers." Marine Resource Economics, 1(1):1-30.
Traditionally, single species deterministic models have been used to
describe the interaction between fish populations and fish harvesters.
Management theory and practice often assume that decisions are made based on
exact knowledge of the fishery system (i.e., population size, fishing effort,
recruitment, and so on, predicted or measured without error). Unfortunately,
traditional approaches of fishery science and management ignore a major aspect
of fishery systems-uncertainty. Biological productivity of most fishery
resources is primarily dependent on recruitment. Recruitment varies by an
order of magnitude or more, with little apparent relationship to spawning
stock size except at extremely reduced levels. For practical purposes,
production of fish populations is stochastic, not deterministic. Furthermore,
growth and natural mortality parameters, that are usually assumed constant
when analyzing individual populations, actually vary as a result of population
interactions. In addition, the contagious and dynamic spatial distribution of
most fish populations contributes still more uncertainty. Some of the
variability in recruitment can be accounted for by prerecruit surveys and
correlations with environmental factors. Multispecies models that attempt to
account for the predation effect on natural mortality are now available.
There are robust fishery management methods that are less dependent on precise
and real time estimation of population size.
Sissenwine, Michael (1992). "Analysis of the Potential Economic
Benefits from Rebuilding U.S. Fisheries." Draft Report, Office of
the Senior Scientist for Fisheries, NMFS, USDOC, Silver Spring,
Maryland, April.
The potential value of rationally managed U.S. domestic fisheries based
on a naive economic analysis concludes that substantial benefits can be
generated for the nation including increased jobs.
Sissenwine, Michael and Pamela M. Mace (1992). "ITQs in New Zealand:
The Era of Fixed Quota in Perpetuity." Fishery Bulletin,
90(1):147-60.
ITQ management was implemented in New Zealand to address overfishing,
overcapitalization, and excess government regulation. Quotas were based on
catch histories, with a quota "buyback" and prorated cuts to achieve total
allowable catch (TAC) levels indicated by preliminary stock assessments.
Fixed amounts of quota were issued in perpetuity. Annual stock assessments
are conducted. Government stated that it would buy or sell quota at market
determined prices to adjust TACs. On 1 April 1990, ITQs were redefined as
proportions of annual TACs. Government extracts resource rent. To data,
there is little evidence of improvement in the biological or economic
condition of the fisheries resources. Although there is general support for
ITQ management in New Zealand, many problems have been encountered: quota
overruns resulting from bycatch; inadequate stock assessment capability;
disagreement over the level of resource rentals; and failure of government to
enter the marketplace to reduce TACs when necessary.
Six, Larry and Pam Buzan (1993). The Status of Marine Fish Stocks and
Conservation Efforts by Regional Fishery Management Councils. Pacific
Fishery Management Council, July, 33 pp.
This report summarizes the status of marine fish stocks, species, or
species groups harvested in the federal Exclusive Economic Zone (EEZ).
Skaperdas, Stergios (1992). "Cooperation, Conflict, and Power in the
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