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

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This paper develops a bioeconomic model for two Barents Sea <strong>fisheries</strong><br />

that attempts to capture the predator-prey relationships between cod and<br />

capelin, the two main species in the habitat. The aim is to analyze joint<br />

cooperative (versus separate noncooperative) management <strong>of</strong> this predator-prey<br />

system with a view to isolating the efficiency loss due to separate<br />

management. Using a game theoretic framework and a multicohort age-structured<br />

bioeconomic model, we compute joint and separate management equilibrium<br />

outcomes for the model and investigate the effects <strong>of</strong> changes in economic<br />

parameters on the computed results. In this way, we explore the economic<br />

consequences <strong>of</strong> the predator-prey relationships between cod and capelin and<br />

the externalities due to noncooperation. Results <strong>of</strong> the study tend to suggest<br />

that (i) under current market conditions, it is economically optimal to<br />

exploit both species (rather than just one <strong>of</strong> them) under joint management;<br />

(ii) in comparison with the separate management outcome, a severe reduction <strong>of</strong><br />

the capelin fishery is called for under joint management; and (iii) the loss<br />

in discounted economic rent resulting from the externalities due to the<br />

natural interactions between the species is significant, reaching up to almost<br />

a quarter <strong>of</strong> what is achievable under separate management.<br />

Summers, Charles (1995). Learning From Other Fleets. In Brad Warren, Win-<br />

Win Bycatch Solutions. National Fisheries Conservation Center, Seattle<br />

WA.<br />

A discussion <strong>of</strong> the bycatch and discard problem in Oregon s shrimp<br />

fishery. Various designs <strong>of</strong> finfish excluder devices are being tested to<br />

reduce bycatch in what is already considered to be a very clean fishery.<br />

Surdi, Richard and Mort Miller (1981). "Productivity in the Gulf <strong>of</strong><br />

Mexico Shrimp Fishery." Draft report, NMFS, <strong>Office</strong> <strong>of</strong> Policy and<br />

Planning, Economic Analysis Staff, Washington, D.C.<br />

This report examines productivity in the Gulf shrimp fishery, which has<br />

undergone considerable expansion in recent years. The general concepts and<br />

measures <strong>of</strong> productivity are discussed first. Then, the trend in shrimp<br />

production is reviewed. Third, trends in major inputs to the shrimp fishery<br />

are reviewed. This is followed by a review <strong>of</strong> several partial productivity<br />

measures that indicate a significant decline in productivity in the shrimp<br />

fishery. The report concludes that the increased investment in fleet capacity<br />

has resulted in lower productivity over time.<br />

Sutherland, Donald (2000). "U.S. Fish harvesters Up on Financial<br />

Rocks." Lycos Environment News Service, April 26, 7 pp.<br />

Commercial fishermen in the U.S. are in desperate financial straits as a<br />

result <strong>of</strong> poor <strong>fisheries</strong> management by NMFS aimed only at rebuilding depleted<br />

stocks.<br />

Sutherland, Ronald J. (1982). "A Regional Approach to Estimating<br />

Recreation Benefits <strong>of</strong> Improved Water Quality." Journal <strong>of</strong><br />

Environmental Economics and Management, 9:229-247.<br />

Recreation demand and value are estimated with the travel cost method<br />

for fishing, camping, boating, and swimming on a site specific regional basis.<br />

The model is regional in that 179 sites are defined for the Pacific Northwest.<br />

A gravity model is employed to estimate the number <strong>of</strong> trips from each origin<br />

to each destination in the region, and these data are the basic input in the<br />

travel cost demand curves. The model is illustrated by estimating the<br />

recreation benefits that would result from meeting the national environmental<br />

goal <strong>of</strong> fishable and swimmable rivers. The main finding is that potential<br />

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