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

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Starting from a disaggregate model <strong>of</strong> the search for low cost deposits<br />

<strong>of</strong> an exhaustible resource, we derive the appropriate specifications for<br />

aggregate extraction and exploration cost functions and analyze the behavior<br />

<strong>of</strong> a competitive industry. The proper specification <strong>of</strong> the aggregate<br />

extraction cost function depends on the exploration technology and is<br />

generally different from the usual no discovery specification. The common<br />

practice <strong>of</strong> combining the no discovery cost function with exploration results<br />

in a misspecified model for which the total cost <strong>of</strong> extracting the resource is<br />

not well defined. The widely accepted prediction that the anticipated<br />

discovery <strong>of</strong> low cost deposits can result in a U-shaped price path appears to<br />

be an artifact <strong>of</strong> this misspecification. For our properly specified cost<br />

functions, the predicted resource price is always rising, in spite <strong>of</strong> the<br />

continued discovery <strong>of</strong> low cost deposits.<br />

Swingle, Hugh A., Donald G. Bland, and Walter M. Tatum (1976). "Survey<br />

<strong>of</strong> the 16-foot Trawl Fishery <strong>of</strong> Alabama." Alabama Marine Resources<br />

Bulletin, 11(June):51-57.<br />

Of the 19,120 owners <strong>of</strong> Class I and II boats registered in Mobile and<br />

Baldwin counties in 1972, 5,727 or 30% owned a 16-foot shrimp trawl. From<br />

1972 to 1974, the estimated shrimp catch by these 16-foot trawls ranged from<br />

204 to 291 thousand pounds (heads-on) or 15 to 25 percent <strong>of</strong> the total catch<br />

from the inside waters <strong>of</strong> Alabama.<br />

Swingle, Wayne E. (1972). "Survey <strong>of</strong> the Live Bait Shrimp Industry <strong>of</strong><br />

Alabama." Alabama Marine Resources Bulletin, No. 8, Alabama<br />

Marine Resources Laboratory, Dauphin Island, Alabama, June, 33 pp.<br />

During 1968, there were 24 bona fide live bait shrimp dealers operating<br />

in Alabama who sold 1,544,000 live shrimp and 22,200 pounds <strong>of</strong> dead shrimp<br />

having a retail value <strong>of</strong> $76,540. The capital investment per dealer was<br />

$3,303 for facilities and equipment. No shrimp were exported from Alabama,<br />

and only a negligible amount was imported. Brown shrimp (Penaeus aztecus) and<br />

white shrimp (Penaeus setiferus) were the major species taken. Brown shrimp<br />

entered the estuaries first and were gradually replaced by white shrimp. The<br />

fishery normally operates from June through November. Length-weight<br />

relationships were determined for brown shrimp, white shrimp, and pink shrimp<br />

(Penaeus duorarum).<br />

Swingle, Wayne E. (1991). "Shrimp Limited Entry Options Paper." Draft<br />

report, Gulf <strong>of</strong> Mexico Fishery Management Council, Lincoln Center,<br />

Suite 881, 5401 W. Kennedy Blvd., Tampa, Florida, 133 pp.,<br />

Appendix.<br />

A draft <strong>of</strong> the options paper for a limited access system for the shrimp<br />

fishery.<br />

Swingle, Wayne E. (1996). "Issues the Shrimp AP Requested be Addressed<br />

in Bycatch Amendment." Gulf <strong>of</strong> Mexico Fishery Management Council,<br />

Lincoln Center, Suite 881, 5401 W. Kennedy Blvd., Tampa, Florida,<br />

6 pp.<br />

Summary <strong>of</strong> problems that need to be addressed in an analysis <strong>of</strong> the<br />

proposed regulations to reduce finfish bycatch in the Gulf <strong>of</strong> Mexico shrimp<br />

fishery including incorporating ecological models in the economic-cost benefit<br />

analysis.<br />

Sylvia, Gilbert (1989). "An Economic Policy Model for Net-Pen Salmon<br />

Aquaculture Development: A Dynamic Multilevel Approach."<br />

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