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

Absence of Property Rights." American Economic Review, 82(4):720-
739.
This paper examines interaction in the absence of property rights when
agents face a trade-off between productive and coercive activities. In this
setting, conflict is not the necessary outcome of one-time interaction, and
cooperation is consistent with domination of one agent over another. Other
things being equal, an agent's power, a well-define concept in this paper, is
inversely related to an agent's resources when resources are valued according
to marginal productivity theory. Some implications for the evolution of
property rights are drawn. The model is applicable to a variety of situations
in which directly unproductive activities are prevalent.
Slade, Margaret E. (1982). "Trends in Natural-Resource Commodity
Prices: An Analysis of the Time Domain." Journal of Environmental
Economics and Management, 9:122-137.
This paper attempts to reconcile the theoretical predictions of
increasing real prices for nonrenewable natural resource commodities obtained
from Hotelling style models with the empirical findings of falling prices for
these commodities. A theoretical model for relative price movements is
derived for the case of exogenous technical change and endogenous change in
the grade of ores mined. The model suggests a U-shaped time path for relative
prices. The implied price movements are tested for all the major metals and
fuels and the model parameters are found to be statistically significant for
11 out of the 12 commodities tested.
Slade, Margaret E. (1982). "Taxation of Nonrenewable Resources: A
Production-Function Approach." Resources Paper No. 81.
The paper finds that constant royalty rates can be neutral or can lead
unambiguously to conservation or to rapid exploitation only when the
processing technology is particularly simple (a modified Cobb-Douglas
production function). In addition, except for very simple processing
technologies, time varying royalty rates cannot be monotonic if they are to
achieve neutrality; they must sometimes rise and sometimes fall.
Slade, Margaret E. (1984). "Tax Policy and the Supply of Exhaustible
Resources: Theory and Practice." Land Economics, 60(2):133-147.
Unregulated extraction patterns may not be optimal if social and private
discount rates differ or if extraction creates an externality. The difficulty
of designing tax policy that achieves a particular objective is illustrated by
the fact that a tax levied in any time period can have repercussions in all
future time periods and, if it is anticipated, it can affect past extraction.
A general model for assessing the effects of taxation on resource extraction
is developed. The undistorted (no-tax) and distorted paths are compared to
determine the direction and magnitude of tax effects. It is found that the
change in extraction paths resulting from a particular tax depends on where it
falls, on how it affects input and output prices, and on the ease of
substituting between the resource and other inputs in processing.
Sluczanowski, Philip R. (1984). "Modeling and Optimal Control: A Case
Study Based on the Spencer Gulf Prawn Fishery for Penaeus
latisulcatus Kishinouye." J. Cons. Int. Explor. Mer, 41:211-225.
Techniques of fish population dynamics, model building, and optimal
control theory are applied to the problem of managing the Spencer Gulf prawn
fishery in South Australia that involves the annual exploitation of a single
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