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

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Smith, V. Kerry, William H. Desvousges, and Matthew P. McGivney (1983).<br />

"The Opportunity Cost <strong>of</strong> Travel Time in Recreation Demand Models."<br />

Land Economics, 59(3):259-278.<br />

The purpose <strong>of</strong> this paper is to evaluate current proposals for valuing<br />

travel time in the specification <strong>of</strong> recreation demand models. Based on a<br />

household production framework, our analysis examines the implications <strong>of</strong> the<br />

treatment <strong>of</strong> travel and on-site times in recreation models. The empirical<br />

results are based on demand functions estimated for 43 water based recreation<br />

sites with the Federal Estate component <strong>of</strong> the 1977 National Recreation<br />

Survey.<br />

Smith, V.L. (1968). "Economics <strong>of</strong> Production from Natural Resources."<br />

American Economic Review 58: 409-431.<br />

This paper attempts to provide a unified theory <strong>of</strong> production from<br />

natural resources. A single model <strong>of</strong> an industry is used to describe a<br />

dynamic process <strong>of</strong> recovery from such technologically diverse resources as<br />

fish, timber, petroleum, and minerals. Recovery for each <strong>of</strong> these resources<br />

is seen as a special case <strong>of</strong> a general model depending upon whether the<br />

resource is replenishable, and on whether production exhibits significant<br />

externalities. A model <strong>of</strong> centralized management, with particular reference<br />

to common property resources, such as <strong>fisheries</strong> under stationary conditions is<br />

also discussed and compared with competitive recovery in the stationary state.<br />

Smith, V.L. (1969). "On Models <strong>of</strong> Commercial Fishing." Journal <strong>of</strong><br />

Political Economy 77: 181-198.<br />

The model provides one example <strong>of</strong> a descriptive theory that transforms<br />

any specific pattern <strong>of</strong> assumptions about cost conditions, demand<br />

externalities, and biomass growth technology into a pattern (conceivably<br />

observable) <strong>of</strong> exploitation. The model or variations on it would appear to<br />

have much wider possible applications, such as (1) a theory <strong>of</strong> bionomic<br />

equilibrium in primitive hunter cultures and (2) possibly the rudiments <strong>of</strong> an<br />

economic theory <strong>of</strong> species extinction, both historical and modern.<br />

Smith, V.L. (1977). Economics <strong>of</strong> Natural and Environmental Resources.<br />

Gordon and Breach, New York.<br />

This book contains a selection <strong>of</strong> papers in economic theory <strong>of</strong> natural<br />

resources including basic and production theory and petroleum, biological<br />

(<strong>fisheries</strong>), water, and environmental resource applications.<br />

Snead, Larry L. (1989). "A U.S. Perspective on Access to Fisheries<br />

Resources." Marine Fisheries Review, 51(1):15-17.<br />

The result <strong>of</strong> the passage <strong>of</strong> the Magnuson Act and the adoption <strong>of</strong> 200<br />

mile exclusive economic zones (EEZ) has been that a new international<br />

framework for <strong>fisheries</strong> is emerging and is continuing to evolve. U.S.<br />

international <strong>fisheries</strong> policies have paralleled this change in the pattern <strong>of</strong><br />

access to <strong>fisheries</strong> resources, shifting from the promotion <strong>of</strong> domestic fishing<br />

fleets to emphasizing issues relating to <strong>fisheries</strong> activities beyond the EEZ.<br />

Snyder, Donald L. and Rabindra N. Bhattacharyya (1990). "A More General<br />

Dynamic Economic Model <strong>of</strong> the Optimal Rotation <strong>of</strong> Multiple-Use<br />

Forests." Journal <strong>of</strong> Environmental Economics and Management,<br />

18:168-175.<br />

a deterministic optimal control model is presented for a multiple use<br />

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