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

motivating example. While development proceeds, the efficient harvest of
renewable resources may exceed the sustainable rate. While development may
involve several periods of growth and decline, once development begins it
proceeds without significant interruptions. If a profitable renewable sector
survives, development ceases before exhausting all profitable opportunities.
Interdependent stocks reduce distinctions between resource types because each
sector exhibits features of the other.
Swallow, Stephen K. (1994). "Intraseason Harvest Regulation for Fish
and Wildlife Recreation: An Application to Fishery Policy."
American Journal of Agricultural Economics, 76(4):924-935.
Resource managers often ignore economic information in decisions about
recreational use of fish and wildlife resources. By evaluating within season
harvest regulations, economists can identify strategies to improve
recreational benefits without compromising management objectives represented
in an annual harvest quota. Theoretical analysis raises a potential for bias
in applied welfare analysis if regulations inefficiently trade off fishing
quality and exogenous seasonality in anglers' demand. Simulations demonstrate
that efficient regulations may limit daily harvests during the best fishing
season or during the peak season of demand. Inadequate knowledge of
recreationists' behavioral responses to quality and regulations currently
limits policy assessments.
Swallow, Stephen (1994). Renewable and Nonrenewable Resource Theory
Applied to Coastal Agriculture, Forest, Wetland, and Fishery
Linkages." Marine Resource Economics, 9(4):291-310.
This paper addresses tradeoffs in wetland development using a framework
that integrates economic theory of renewable and nonrenewable resources. The
theory treats wetland development as use of a nonrenewable resource, while
wetland preservation protects critical fishery habitat. The framework
recognizes that wetland quality may vary for either development or fisheries.
An illustrative application assesses tradeoffs in converting pocosin wetlands
to agriculture rather than maintaining wetlands to protect salinity in
estuarine nursery areas. Results reveal the marginal value of salinity
protection may be substantial, while location may affect a wetland's value to
an estuarine shrimp fishery. Comparisons between agricultural and forestry
land uses show that ecological links may cause wetland values to depend upon
the land use chosen for the developed state. Future assessments of other
development may reveal additional impacts through impacts on salinity.
Swallow, Stephen K., Peter J. Parks, and David N. Wear (1990). "Policy-
Relevant Nonconvexities in the Production of Multiple Forest
Benefits." Journal of Environmental Economics and Management,
19:264-280.
This paper challenges common assumptions about convexity in forest
rotation models that optimize timber plus nontimber benefits. If a local
optimum occurs earlier than the globally optimal age, policy based on marginal
incentives may achieve suboptimal results. Policy relevant nonconvexities are
more likely if (i) nontimber benefits dominate for young stands while the
optimal age depends primarily on timber benefits or (ii) nontimber benefits
dominate for mature stands and also determine the optimal age. Nonconvexities
may create either temporary or persistent difficulties. Policy makers may
improve efficiency by exploiting the relationship between the timber only
optimum and the global optimum.
Swallow, Stephen K., Thomas Weaver, James J. Opaluch, and Thomas S.
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