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

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agencies responsible for Canadian <strong>fisheries</strong>. Such as understanding will serve<br />

to outline institutional constraints imposed upon <strong>fisheries</strong> management.<br />

This paper examines a unique aspect <strong>of</strong> the <strong>fisheries</strong> resource that being<br />

the nature <strong>of</strong> the governmental responsibilities in the management <strong>of</strong> the<br />

<strong>fisheries</strong>. This is achieved through the examination <strong>of</strong> the evolution <strong>of</strong> the<br />

Canadian federation, the constitution, the legal aspects <strong>of</strong> the <strong>fisheries</strong>, and<br />

the leading judicial decisions on Canadian <strong>fisheries</strong>.<br />

Thompson, Richard B. (1984). "Marine Recreational Fisheries - Update<br />

1984." Chapter 4 in Richard H. Stroud (ed.) Marine Recreational<br />

Fisheries, 9, Proceedings <strong>of</strong> the Ninth Annual Marine Recreational<br />

Fisheries Symposium, Virginia Beach, Virginia, April 24 and 25,<br />

National Coalition for Marine Conservation, Inc., Savannah,<br />

Georgia.<br />

In 1974, the National Marine Fisheries Service (NMFS) began specific<br />

surveys <strong>of</strong> marine anglers; these surveys did not cover all U.S. contiguous<br />

coastal areas until the latter half <strong>of</strong> 1979. Alaska, Hawaii, and the U.S.<br />

Caribbean areas have not been covered consistently by the NMFS surveys. Thus,<br />

some <strong>of</strong> the information presented here are the "best adjustments" <strong>of</strong> published<br />

data.<br />

Thompson, Russell G., Richard W. Callen, and Lawrence C. Wolken (1970).<br />

"Optimal Investment and Financial Decisions for a Model Shrimp<br />

Fishing Firm." TAMU-SG-70-205, Texas A&M University Sea Grant<br />

Program, April, 49 pp.<br />

In this study, the shrimp industry is briefly reviewed historically, and<br />

some <strong>of</strong> the factors influencing the demand for shrimp as well as some <strong>of</strong> the<br />

factors affecting the supply are discussed. The need for better aids for<br />

investment planning is pointed out. This is followed by the development <strong>of</strong> a<br />

mathematical investment financial model for the shrimp fishing firm. Each<br />

facet <strong>of</strong> the model is discussed with a rigorous statement <strong>of</strong> the complete<br />

decision making model. It is then shown how this first model may be<br />

transformed into a form for computational purposes: a sequential linear<br />

programming model. An economic interpretation is provided for the possible<br />

corner solutions to this problem.<br />

Thompson, R.G., M.D. George, R.J. Callen, and L.C. Wolken (1970). "A<br />

Stochastic Investment Model for a Survival Conscious Fishing<br />

Firm." TAMU-SG-70-218, Institute <strong>of</strong> Statistics Texas A&M<br />

University, Texas A&M University Sea Grant Program, July, 22 pp.<br />

This study develops mathematical aids for investment-financial decision<br />

making in shrimp fishing. The model developed allows for random prices and<br />

catches per vessel and takes into account all <strong>of</strong> the information known to the<br />

decision maker at each time <strong>of</strong> decision. Vagrancies in landings per vessel<br />

seem to be much more important to the survival <strong>of</strong> the firm than unexpected<br />

variations in price.<br />

Thompson, R.G., M.D. George, R.J. Callen, and L.C. Wolken (1973). "A<br />

Stochastic Investment Model for a Survival Conscious Firm Applied<br />

to Shrimp Fishing." Applied Economics, 5:75-87.<br />

An operational stochastic capacity expansion model for a survival<br />

conscious firm is developed and applied to shrimp fishing in which the<br />

entrepreneur evaluates all the information known to him at the time <strong>of</strong> the<br />

decision. The results show the effect <strong>of</strong> survival on the growth in net worth<br />

<strong>of</strong> a firm making sequential and irreversible purchases <strong>of</strong> physical capital<br />

6 6 8

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