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

equations cannot be directly obtained by partial differentiation of the
indirect profit function if price expectations have a Markovian structure.
Consequently, empirical application of duality to many stochastic dynamic
problems is quite complex and may be more difficult than a primal approach to
the problem.
Taylor, Timothy G. and Michael J. Monson (1985). "Dynamic Factor
Demands for Aggregate Southeastern United States Agriculture."
Southern Journal of Agricultural Economics, (December):1-9.
A four equation input demand system for aggregate Southeastern United
States agriculture consistent with dynamic optimizing behavior is specified
and estimated. Labor and materials are considered as variable inputs while
land and capital are treated as quasi-fixed inputs. It is found that the
adjustment rates for capital and land differ considerably and are
interdependent. Further, the data appear consistent with the existence of an
aggregate production technology and the hypothesized optimizing behavior.
Taylor, Timothy G. and Fred J. Prochaska (1985). "Fishing Power
Functions in Aggregate Bioeconomic Models." Marine Resource
Economics, 2(1):87-107.
A method of estimating fishing power in the Beverton-Holt tradition in
the absence of firm level data is developed. This enables the construction of
a standardized measure of fishing effort that can facilitate the analysis and
implementation of various management alternatives. The methodology is applied
to the Gulf of Mexico Reef Fish Fishery.
Taylor, Tim, Chuck Adams, and Jeffrey Rodrick (1995). "Economic Effects
of Swordfish Management Policy on Swordfish and Tuna Fisheries in
the Gulf of Mexico." Draft Final MARFIN Project Report, MARFIN
Project Number NA-37FF0055, Food and Resource Economics
Department, P.O. Box 110240, Institute of Food and Agricultural
Sciences, University of Florida, Gainesville, FL.
In June 1991, domestic and international fishery management agencies
imposed quotas and minimum size requirements on participants in the North
Atlantic swordfish fishery in an attempt to reduce the high rate of fishing
mortality that threatens the future commercial viability of the swordfish
fishery. However, findings from a 91-92 MARFIN report (Thunberg, et. al.,
1992) indicate that management objectives designed to limit swordfish harvest
may initiate a redirection of effort toward the many commercially valuable
tuna species. Tuna may be landed with essentially the same gear and vessels
that are used in the pursuit of swordfish. Therefore, the management
initiatives imposed in 1991 have implications for both swordfish and tuna
stocks. The objectives of this study were 1) to analyze the economic
interrelationships between swordfish and tuna in the south Atlantic and Gulf
of Mexico region, in particular to attempt to determine the importance of
exvessel prices in conditioning the direction of effort between these two
potential target species, and 2) to estimate the effect of swordfish
management policy on longline fishing effort and landings in this region. To
accomplish these goals, a dual based revenue function was specified, from
which effort supply functions were derived and estimated. These functions
related directed effort with exvessel prices and a composite input, and were
used to test for non-jointness in inputs, i.e. the output of one species is
determined independently of the price of the other species in a multi-product
fishery. Results indicate that nonjointness is rejected for swordfish and
tuna, implying an economic interrelationship does exist. This finding calls
into question the ability to manage swordfish as a single species. Further,
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