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

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fishery. Throughout the study, a selection pattern is defined as the suite <strong>of</strong><br />

age-specific selection coefficients that are applied to a fish population over<br />

time. Of particular interest is exploration <strong>of</strong> whether trade<strong>of</strong>fs among<br />

segments <strong>of</strong> a fish population can result in increased resource value. This<br />

question is explored within the context <strong>of</strong> whether a limited juvenile fishery<br />

can co-exist with traditional <strong>fisheries</strong> without jeopardizing silver hake<br />

stocks and if so, under what conditions might such a fishery operate.<br />

Thunberg, Eric, T.E. Helser, and R.K. Mayo (1998). Bio-Economic Analysis <strong>of</strong><br />

Alternative Selection Patterns in the United States Atlantic Silver Hake<br />

Fishery. Marine Resource Economics, 13:51-74.<br />

In this paper a bioeconomic simulation <strong>of</strong> the U.S. <strong>fisheries</strong> for silver<br />

hake, Merluccius bilinearis, is presented. The model design combines elements<br />

<strong>of</strong> age structured population and harvest yield models with the <strong>economics</strong> <strong>of</strong><br />

the silver hake fishery. The analysis evaluates both biological and economic<br />

effects <strong>of</strong> interest to managers, such as future yields or rebuilding <strong>of</strong><br />

parental stock as well as future revenues and net returns to vessels. The<br />

bioeconomic model is used to evaluate the economic implications <strong>of</strong> trade<strong>of</strong>fs<br />

between alternative selection patterns in the U.S. Atlantic silver hake<br />

fishery. Throughout the study, a selection pattern is defined as the suite <strong>of</strong><br />

age specific selection coefficients that are applied to a fish population over<br />

time. The results indicate that shifting fishing pressure to younger age<br />

classes could result in short run gains in economic value that may not be<br />

sustainable due to longer run declines in biomass, hence lowered fishery yield<br />

and value. By contrast, strategies to delay age at first capture may improve<br />

economic value over current levels with only modest reductions in short run<br />

fishery yield.<br />

Thunberg, Eric, Charles Adams, Darrell Brannan, and Timothy Taylor<br />

(1991). "Commercial Fishing Revenue Losses Under Harvest<br />

Restrictions: The Case <strong>of</strong> the Florida Red Drum." Staff Papers<br />

Series, SP 91-4, Food and Resource Economics Department, Institute<br />

<strong>of</strong> Food and Agricultural Sciences, University <strong>of</strong> Florida,<br />

Gainesville, FL 32611.<br />

The red drum (Sciaenops ocellatus) was effectively removed from<br />

Florida's nearshore commercial fishery in January, 1989. Fishing revenue<br />

losses may be mitigated through redirection <strong>of</strong> effort from the restricted<br />

species to other unrestricted species. A revenue function is specified for<br />

two time periods over which two different harvest regulations for red drum<br />

were effective. The empirical results indicate that fishermen were able to<br />

compensate for lost revenue due to the harvest restrictions although the<br />

ability to do so differed by gear and regional considerations.<br />

Thunberg, Eric, Charles Adams, Darrell Brannan, and Timothy Taylor<br />

(1993). "Commercial Fishing Revenue Losses Under Harvest<br />

Restrictions: The Case <strong>of</strong> the Florida Red Drum." Society and<br />

Natural Resources, 6:181-194.<br />

The red drum (Sciaenops ocellatus) was effectively removed from<br />

Florida's nearshore commercial fishery in January, 1989. Fishing revenue<br />

losses may be mitigated through redirection <strong>of</strong> effort from the restricted<br />

species to other unrestricted species. A revenue function is specified for<br />

two time periods over which two different harvest regulations for red drum<br />

were effective. The empirical results indicate that fishermen were able to<br />

compensate for lost revenue due to the harvest restrictions although the<br />

ability to do so differed by gear and regional considerations.<br />

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