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

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the Louisiana pond and wild crawfishing industries for 1978, fish farming <strong>of</strong><br />

crawfish reduced potential welfare losses by 76 percent. See SEJ article<br />

above.<br />

Bell, Frederick (1989). "Main Quarry Hypothesis and Salmon Angling."<br />

Marine Resource Economics, 6(1):71-82.<br />

This article explores the main quarry hypothesis, which is a variant <strong>of</strong><br />

the general fishing success hypothesis. It is argued that for some<br />

recreational <strong>fisheries</strong> it may be more important that the angler catch his<br />

target or main quarry than the quantitative number <strong>of</strong> fish caught in<br />

influencing the number <strong>of</strong> fishing days and the overall quality <strong>of</strong> the<br />

recreational experience. A theoretical function is specified to explain the<br />

length <strong>of</strong> the fishing trip to Ireland by anglers that have designated salmon<br />

as their main quarry. The empirical estimation <strong>of</strong> this function indicates<br />

that the length <strong>of</strong> the fishing trip is positively related to travel cost, but<br />

inversely related on-site cost per day. Ceteris paribus, the length <strong>of</strong> the<br />

salmon trip to Ireland, is increased by nearly 23% when the angler gets his<br />

main quarry, stressing the importance <strong>of</strong> the quality <strong>of</strong> the catch rather than<br />

quantitative number <strong>of</strong> fish caught. This finding calls into question the<br />

traditional fishing success variables such as catch per day for many<br />

recreational <strong>fisheries</strong>.<br />

Bell, Frederick W. (1989). "Application <strong>of</strong> Wetland Valuation Theory to<br />

Florida Fisheries." Department <strong>of</strong> Economics, Florida State<br />

University, Tallahassee, Florida 32306, Florida Sea Grant Program,<br />

Project Number R/C-E-25, Grant Number NA86AA-D-SG068, Report<br />

Number 95, June, 118 pp.<br />

The focus <strong>of</strong> this report is an evaluation in economic terms <strong>of</strong> the value<br />

<strong>of</strong> estuarine wetlands to marine <strong>fisheries</strong> in Florida. The marginal<br />

productivity theory <strong>of</strong> estuarine wetland valuation is used to determine the<br />

value <strong>of</strong> the marginal products <strong>of</strong> an acre <strong>of</strong> saltwater marsh in the production<br />

<strong>of</strong> estuarine dependent species <strong>of</strong> fish.<br />

Bell, Frederick W. (1997). Review <strong>of</strong> the Economics <strong>of</strong> Management Strategies<br />

for Red Snapper in the Gulf <strong>of</strong> Mexico. Draft report for U.S. Department<br />

<strong>of</strong> Commerce, National Oceanic and Atmospheric Administration, National<br />

Marine Fisheries Service, Department <strong>of</strong> Economics, Florida State<br />

University, Tallahassee, FL, September, 22 pp.<br />

This paper is a peer review <strong>of</strong> the appropriateness <strong>of</strong> management<br />

measures in the fishery management plan for red snapper in the gulf <strong>of</strong> Mexico<br />

for conserving and managing the resource and a consideration <strong>of</strong> the cost and<br />

benefits <strong>of</strong> all reasonable alternatives to an individual fishing quota program<br />

for the red snpapper resource.<br />

Bell, Frederick W. and Vernon R. Leeworthy (1987). "Economic Demand for<br />

Marinas and Projected Impact on Wetlands." Land Economics,<br />

63(1):79-91.<br />

This article develops a theoretical framework for marina demand and<br />

empirically estimates such a logit and OLS model using Florida as a case<br />

study. Projections <strong>of</strong> the pattern <strong>of</strong> land use for marinas can be studied in<br />

the light <strong>of</strong> current environmental policies. The analysis for Florida<br />

indicates that environmental concerns involving marinas and the call for rigid<br />

permitting <strong>of</strong> additional sites may not be based on large wetland requirements<br />

and that marina-wetland compatibility studies should be considered.<br />

5 9

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