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

with uncertain future yields. The survival model is applied to shrimp fishing
on the Texas Gulf coast and the results are compared to those of a simple
model in which survival is not considered. Bankruptcy could clearly result
from the use of the simple model; survival of the firm is guaranteed by use of
the survival model.
Exit from the fishery may be restricted (sticky downward) because
fishermen's attitudes toward risk are not symmetric with regard to favorable
and unfavorable yields and prices. Low prices and small catches in fishing
may be dreaded much more than high prices and large catches are desired. In
the model, the firm maximizes expected net worth at the end of a finite
planning period subject to the restriction that the only allowable purchases
of capacity are those for which there is no chance of incurring bankruptcy.
It is assumed that the firm is unwilling to assume any risk of failure. Thus,
the survival restriction prohibits purchases of capacity which would lead to
bankruptcy during the planning period if the worse possible yields or output
prices occur in the future. Survival considerations may result in modest
growth of capacity of a fishing firm, even if the expected profit of
additional capacity is relatively large.
Thomson, Cynthia J. and Daniel D. Huppert (1987). "Results of the Bay
Area Sportfish Economic Study (BASES)." NOAA-TM-NMFS-SWFC-78,
NOAA Technical Memorandum NMFS, U.S. Department of Commerce,
National Oceanic and Atmospheric Administration, National Marine
Fisheries Service, Southwest Fisheries Center, La Jolla, CA,
August, 70 pp.
This report contains the results of a descriptive analysis of saltwater
anglers residing in selected Central and Northern California counties. The
report provides estimates of economic value associated with hypothetical
changes in salmon/striped bass catch rates. These values were obtained by a
direct elicitation technique known as the contingent valuation method (CVM).
Thorvik, Thorbjorn (1993). "Control and Enforcement in the Norwegian
Fisheries." Paper presented at the Workshop on Enforcement
Measures, Organization for Economic Co-Operation and Development,
Directorate for Food, Agriculture, and Fisheries, Committee for
Fisheries, Paris, September 21-22.
The Norwegian system of data collection from the commercial fisheries is
presented. The regulations concerning control and enforcement at sea as well
as on shore are discussed.
Thunberg, Eric M. (1994). "The Consumer's Interest in Limited Access
Fishery Management." Position Paper presented at the Limited
Access Workshop, Seattle, Washington, November 1-3. National
Marine Fisheries Service, Northeast Fisheries Science Center,
Woods Hole, MA, October.
Limited access fisheries management does not address the problems of
product quality that are important to the final consumer of fishery products.
ITQs implicitly address the quality of fish by reducing fishing effort levels,
increasing the fishing season, and, therefore, causing a better quality
(fresh) product to be delivered to the marketplace.
Thunberg, Eric (1995). Bio-Economic Analysis of Alternative Selection
Patterns in the United States Atlantic Silver Hake Fishery. In, Bio-
Economic Modelling in the EU, Concerted Action Coordination of Research
in Fishery Economics, Working Document Nr: 7,(AIR CT94 1489), Workshop,
Edinburgh, October: 100-128.
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