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

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Michelman (1994). "Heterogeneous Preferences and Aggregation in<br />

Environmental Policy Analysis: A Landfill Siting Case." American<br />

Journal <strong>of</strong> Agricultural Economics, 76(3):431-443.<br />

In many studies <strong>of</strong> nonmarket resources, economists have data to<br />

disaggregate results according to subpopulations within the full study<br />

population. Disaggregated results can increase the usefulness <strong>of</strong> economic<br />

analyses, improve public confidence in the results, and permit public<br />

<strong>of</strong>ficials to assess equity concerns. We outline an approach to obtain<br />

disaggregated results when characteristics <strong>of</strong> individuals may identify<br />

distinct preferences. The approach is applied to public preferences regarding<br />

landfill siting decisions. The discussion explores the implications <strong>of</strong><br />

disaggregated results for policy decisions, for bias in aggregate willingness<br />

to pay estimates, and for nonmarket research methodologies.<br />

Swartz, A. Nelson and Charles M. Adams (1979). "The Economics <strong>of</strong><br />

Rockport Bay Texas Shrimping Vessels." Report, DIR 79-1, SP-6<br />

Department <strong>of</strong> Agricultural Economics, Texas A&M University,<br />

August, 10 pp.<br />

A cost and returns survey <strong>of</strong> Rockport, Texas shrimp fishermen that takes<br />

into account seasonal variation in abundance. The fall season is much more<br />

valuable to the shrimp fisherman than the spring season. However, a bay<br />

vessel operator could not economically survive in the long run without the<br />

spring season.<br />

Sweeney, James L. (1977). "Economics <strong>of</strong> Depletable Resources: Market<br />

Forces and Intertemporal Bias." Review <strong>of</strong> Economic Studies,<br />

44:125-142.<br />

This paper theoretically models the extraction patterns <strong>of</strong> a finite<br />

depletable resource and systematically examines the effects <strong>of</strong> intertemporal<br />

bias stemming from various market forces on depletion patterns.<br />

Swierzbinski, Joseph (1985). "Statistical Methods Applicable to Selected<br />

Problems in Fisheries Biology and Economics." Marine Resource<br />

Economics, 1(3):209-233.<br />

The methods by which fishery scientists estimate fish populations size<br />

are reviewed. These include tagging, cohort analysis, random sampling and<br />

catch per unit <strong>of</strong> effort indexes. Elementary statistical considerations are<br />

introduced to discuss some <strong>of</strong> the properties <strong>of</strong> the methods. For example, we<br />

model the effect <strong>of</strong> spatial patchiness on random sampling and the effect <strong>of</strong><br />

sample size on tagging estimates. Next, the Poisson, negative binomial, and<br />

gamma distributions and their interrelations are discussed. In particular,<br />

these three distribution form a do-it-yourself kit for making models <strong>of</strong> the<br />

fisherman's catch per trip.<br />

One policy tool suggested for fishery regulation is the auction <strong>of</strong><br />

licenses. Smiley has extended the bidding models <strong>of</strong> Wilson and Rothkopf and<br />

applied them to empirical data on <strong>of</strong>fshore oil lease bids. We discuss<br />

Smiley's model, which could provide information about fishermen's expectations<br />

and learning about abundance, if and when auction schemes are implemented for<br />

<strong>fisheries</strong>. Finally, we review the application <strong>of</strong> logit estimation as a tool<br />

for studying the discrete choice behavior <strong>of</strong> fishermen.<br />

Swierzbinski, Joseph and Robert Mendelsohn (1989). "Exploration and<br />

Exhaustible Resources: The Micr<strong>of</strong>oundations <strong>of</strong> Aggregate Models."<br />

International Economic Review, 30(1):175-186.<br />

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