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

Smith, V. Kerry (1980). "The Evaluation of Natural Resource Adequacy:
Elusive Quest or Frontier of Economic Analysis." Land Economics,
56(3):257-298.
This paper addresses how well analysts have dealt with evaluating the
adequacy of our natural resources. To do so, we consider the most influential
analyses of resource scarcity, developing their intellectual roots and
detailing the methods they used. With this background, together with some
perspective on the current empirical analyses of the extent to which the
United States has experienced increased scarcity of natural resources, we
examine the theory underlying the measurement of scarcity indexes and the
mechanisms through which natural resource constraints might be relaxed. Our
appraisal of this work is closed with direct consideration of the relationship
between meeting environmental quality goals and natural resource needs, as
well as with a review of the implications of this evaluation for further
research.
Smith, V. Kerry (1988). "Selection and Recreational Demand." American
Journal of Agricultural Economics, 70(1):29-36.
This article compares five methods for estimating travel cost recreation
demand models with micro data. The models are distinguished by their
treatment of selection effects that arise with on-site surveys. The
comparison considers adjusting for selection effects in a variety of ways,
including single and double selection rule models. Both parameter and
consumer surplus estimates were evaluated. The findings indicate that the
treatment of selection effects alone was not important for this case.
However, the choice of an estimator did lead to large variations in per trip
consumer surplus estimates.
Smith, V. Kerry (1990). "Estimating Recreation Demand Using the
Properties of the Implied Consumer Surplus." Land Economics,
66(2):111-120.
Bockstael and Strand (1987) judged the methods for estimating demand or
random utility models based on the properties of their respective consumer
surplus estimates. This paper proposes to define estimators based on the
properties of their implied consumer surplus estimates. This type of argument
is not new and usually is associated with the rationale offered for Bayesian
estimators. However, the motivation for the estimator proposed here can be
based on minimizing the mean squared error of the consumer surplus estimates.
Moreover, it can be constructed from the statistics usually reported with
ordinary least squares estimates.
Smith, V. Kerry (1993). "Parallels in Fishery Management and Natural
Resource Damage Assessment: Discussion." American Journal of
Agricultural Economics, 75(5): 1196-1197.
The papers by Milon "U.S. Fisheries Management and Economic Analysis:
Implications of the Alaskan Groundfish Controversy," Hanemann and Strand
"Natural Resource Damage Assessment: Economic Implications for Fisheries
Management," and Sutinen "Recreational and Commercial Fisheries Allocation
with Costly Enforcement" provide practical and conceptual insights by
identifying the relevance of marginal and boundary conditions for both the
economic measures of efficiency and of asset values used to address fishery
policies.
Smith, V. Kerry (1993). "Nonmarket Valuation of Environmental
Resources: An Interpretive Appraisal." Land Economics, 69(1): 1-
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