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

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considerable differences between control and impact costs.<br />

Smith, Terry and Ron Miller (1987). "Limited Access in Alaskan<br />

Fisheries: some Options." Discussion Paper 87-1, North Pacific<br />

Fishery management Council, September, 17 pp.<br />

This paper describes limited access management for the Alaskan<br />

groundfish <strong>fisheries</strong>.<br />

Smith, V. Kerry (1975). "Travel Cost Demand Models for Wilderness<br />

Recreation: A Problem <strong>of</strong> Non-Nested Hypotheses." Land Economics,<br />

51(2):103-111.<br />

The purpose <strong>of</strong> this paper is to examine the extent to which the<br />

traditional specifications <strong>of</strong> the travel cost demand equations would be<br />

acceptable models for wilderness recreation for one case study - the<br />

Desolation Wilderness Area in Northern California. Several specifications <strong>of</strong><br />

travel cost models are examined and a recent test for non-nested hypotheses is<br />

used to discriminate between them. Overall the findings suggest that while<br />

travel cost equations can readily be estimated and by conventional criteria<br />

they might be considered fully acceptable, it is not clear that they should be<br />

accepted as reflecting adequately the character <strong>of</strong> the demand for wilderness<br />

recreation.<br />

Smith, V. Kerry (1977). "Control Theory Applied to Natural and<br />

Environmental Resources, An Exposition." Journal <strong>of</strong> Environmental<br />

Economics and Management, 4:1-24.<br />

Four control theory models <strong>of</strong> natural and environmental resource use,<br />

drawn from the existing <strong>literature</strong>, are developed in a manner to emphasize<br />

their technical and decentralized interpretive similarity. Renewable,<br />

nonrenewable, and amenity resource use are treated as closely related problems<br />

<strong>of</strong> optimal (biological, earth material, ecological, or environmental) capital<br />

allocation over time. Thus nonrenewable resources, and the problem <strong>of</strong><br />

exhaustion, are just limiting (zero growth) cases <strong>of</strong> renewable resources, and<br />

the problem <strong>of</strong> species extinction. Just as exhaustion can be optimal,<br />

extinction can be optimal. Waste recycling is treated as part <strong>of</strong> the problem<br />

<strong>of</strong> optimal regeneration <strong>of</strong> "clean" environmental capital; wilderness use as a<br />

problem <strong>of</strong> managing the regeneration <strong>of</strong> ecological capital.<br />

Smith, V. Kerry (1979). "Natural Resource Scarcity: A Statistical<br />

Analysis." The Review <strong>of</strong> Economics and Statistics, 61:423-427.<br />

This paper evaluates the tends in relative prices <strong>of</strong> natural resource<br />

commodity aggregates using statistical methods that permit the analysis <strong>of</strong> the<br />

stability and the direction <strong>of</strong> movement in these series over time to determine<br />

resource scarcity.<br />

Smith, V. Kerry (1979). Scarcity and Growth Reconsidered. Resources for<br />

the Future, The Johns Hopkins University Press, Baltimore.<br />

This volume is based on a conference that investigated resource<br />

scarcity. The objective is to report on an effort to reconsider the long run<br />

importance and availability <strong>of</strong> natural resources for economic growth and<br />

material well being. The forum was organized around three broad aspects <strong>of</strong><br />

scarcity and growth: (1) the role <strong>of</strong> natural resources in economic modeling;<br />

(2) the nature <strong>of</strong> the physical constraints on the availability <strong>of</strong> natural<br />

resources; and (3) the ability <strong>of</strong> empirical methods to gauge the potential for<br />

stringencies in our natural resource endowments.<br />

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