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

Squires, Dale (1987). "Long-Run Profit Functions for Multiproduct
Firms." American Journal of Agricultural Economics, 69(3):558-
569.
A long run specification of the multiproduct profit function is
developed from the restricted profit function. The multiproduct restricted
profit function and the envelope condition are used to estimate the optimal,
long run levels of the quasi-fixed factor. Formulas for long run Marshallian
elasticities of substitution and transformation, economics of scope, product
specific and overall economies of scale, and economic measures of capacity
utilization are developed for the translog functional form. The methodology
is illustrated by a case study of the New England otter trawl industry.
Squires, Dale (1987). "Public Regulation and the Structure of Production
in Multiproduct Industries: An Application to the New England
Otter Trawl Industry." Rand Journal of Economics, Vol. 18, No. 2,
Summer.
This article considers the problem of managing multispecies fishing
industries as one of regulating the production of individual multiproduct
firms. The multispecies New England otter trawl industry is examined within
this framework. Empirical results derived from estimating a multiproduct
profit function indicate that management consistent with the structures of
multiproduct production and costs would directly regulate inputs. Little
support is provided for applying the traditional bioeconomic model to the
fishery studied.
Squires, Dale (1988). "Index Numbers and Productivity Measurement in
Multispecies Fisheries: An Application to the Pacific Coast Trawl
Fleet." NOAA Technical Report NMFS 67, U.S. Department of
Commerce, National Oceanic and Atmospheric Administration,
National Marine Fisheries Service, July, pp. 34.
This study is concerned with the measurement of total factor
productivity in the marine fishing industries in general and in the Pacific
coast trawl fishery in particular. The study is divided into two parts. Part
I contains suitable empirical and introductory theoretical material for the
examination of productivity in the Pacific coast trawl fleet. It is selfcontained,
and contains the basic formulae, empirical results, and discussion.
Because the economic theory of index numbers and productivity is constantly
evolving and is widely scattered throughout the economics literature, Part II
draws together the theoretical literature into one place to allow ready access
for readers interested in more details. This study recommends that the
following types of economic index numbers be used: chain rather than fixed
base; bilateral rather than multilateral; one of the class of superlative
indices, such as the Tornqvist or Fisher Ideal.
Squires, D. (1991). "The Potential Effects of Individual Transferable
Quotas in Multiproduct Pacific Fisheries." Draft report, NMFS,
SWFC, La Jolla, California.
This paper ex ante analyzes a potential program of individual
transferable quotas for one output in a multiproduct common property fishery
with two size classes of vessels assuming that firms are revenue maximizers.
The paper finds only moderate potential for resource rents and efficiency
gains from quota trade and explicitly valuing the marginal user cost of the
resource. The justification of an ITQ program as a system for generating
resource rents net of regulatory costs is questionable. Limiting the number
of vessels when production is joint is considered as an alternative.
6 3 3