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

Japanese for blackfin, procedures used by Japanese fishermen for other tunas
are discussed in this report. If followed, acceptable results will occur.
Smith, J. Barry (1985). "A Discrete Model of Replenishable Resource
Management Under Uncertainty." Marine Resource Economics,
1(3):283-308.
This paper examines issues in the management of replenishable resources
under uncertainty. The stochastic resource dynamics are given by the discrete
time counterpart of the classic logistic growth model. The use of discrete
time stochastic dynamics allows for a more general characterization of growth
uncertainty than is possible with continuous time models.
Given a general specification of the resource management problem,
necessary and sufficient conditions for the optimal management policy are
derived. Many important properties of the management policy are derived and
comparisons are made with the deterministic counterpart policy. An example
serves to illustrate many of the results of the analysis.
Smith, J. Barry (1986). "Stochastic Steady-State Replenishable Resource
Management Policies." Marine Resource Economics, 3(2):155-168.
The purpose of this paper is to investigate the generalization of
deterministic golden rule results to the case of resource uncertainty. It is
shown that within a diffusion framework, the optimal steady state management
policy is equivalent to a management policy that is optimal outside the
stochastic steady state. The results contained in this paper provide a useful
link between steady state optimal management policies in the deterministic
resource economics and biology literatures and the quickly developing
stochastic resource literature.
Smith, J. Barry and Shlomo Weber (1989). "Contemporaneous
Externalities, Rational Expectations, and Equilibrium Production
Functions in Natural Resource Models." Journal of Environmental
Economics and Management, 17:155-170.
This paper examines traditional approaches to modeling production
processes in resource industries and finds that they are often incomplete with
respect to desired properties and restrictions. A new notion of equilibrium
production functions is introduced in which explicit account is taken of the
recognized interdependence of firms involved in extraction. The results are
quite encouraging. In particular, the resultant model of production has the
ex ante desired technical, externality, mass balance aggregation, and
heterogeneity properties. As well, it provides useful insights for empirical
research. Finally, this new approach with its explicit recognition of the
interdependence of firms has the potential for providing new directions into
the analysis of industry equilibrium and regulation of resource industries.
Smith, Joseph W. (1994). Biology and Fishery for Atlantic Thread Herring,
Opisthonema oglinum, along the North Carolina Coast. Marine Fisheries
Review, 56(4):1-7.
The Atlantic thread herring resource, especially the stock in the
eastern Gulf of Mexico, has been extolled as a latent resource and an
alterative to menhaden for a reduction fishery. Objectives of this study are
to 1) describe the purse seine reduction fishery for Atlantic thread herring
in North Carolina and 2) determine the size, age composition, and reproductive
conditions of the catch.
Smith, Philip J. (1997).
Report to the Fleet. National Marine Fisheries
6 1 0