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

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producer surplus in markets other than the harvesting sector and presents some<br />

preliminary empirical results for the Gulf red drum fishery. The conceptual<br />

model and empirical results are based on the idea <strong>of</strong> general equilibrium<br />

welfare measurement.<br />

Thurman, Walter N. and J.E. Easley, Jr. (1991). "Valuing Changes in<br />

Commercial Fishery Harvests: A General Equilibrium Derived Demand<br />

Analysis." Draft report.<br />

This paper presents a conceptual model for estimating surpluses from<br />

these related markets and present empirical estimates for the Gulf <strong>of</strong> Mexico<br />

red drum fishery. The conceptual model and empirical results employ general<br />

equilibrium derived demand functions. The general equilibrium derived demand<br />

for an input conceptually accounts (in a single market) for surpluses in<br />

related markets and economizes on data requirements in estimation.<br />

Thurman, Walter N. and J.E. Easley, Jr. (1992). "Valuing Changes in<br />

Commercial Fishery Harvests: A General Equilibrium Derived Demand<br />

Analysis." Journal <strong>of</strong> Environmental Economics and Management,<br />

22(3):226-240.<br />

This paper presents a conceptual model for estimating surpluses from<br />

these related markets and present empirical estimates for the Gulf <strong>of</strong> Mexico<br />

red drum fishery. The conceptual model and empirical results employ general<br />

equilibrium derived demand functions. The general equilibrium derived demand<br />

for an input conceptually accounts (in a single market) for surpluses in<br />

related markets and economizes on data requirements in estimation.<br />

Thurman, Walter N. and Michael K. Wohlgenant (1989). "Consistent<br />

Estimation <strong>of</strong> General Equilibrium Welfare Effects." American<br />

Journal <strong>of</strong> Agricultural Economics, 71(4):1041-1045.<br />

A general equilibrium demand curve is appropriate for measuring the<br />

surplus changes in several markets induced by a policy intervention in one<br />

market. Guidelines for the identification and consistent estimation <strong>of</strong> such a<br />

demand curve are discussed. Specifically, conditions are stated under which<br />

the dropping <strong>of</strong> prices <strong>of</strong> related goods yields a consistent estimate <strong>of</strong> the<br />

slope <strong>of</strong> the general equilibrium demand curve. Also, a method similar to<br />

Leamer's is proposed to provide consistent bounds for the general equilibrium<br />

demand slope when the slope is underidentified.<br />

Thurow, Lester C. (1971). "The Income Distribution as a Pure Public<br />

Good." Quarterly Journal <strong>of</strong> Economics, (May):327-336.<br />

This paper concentrates on the income redistribution that occurs because<br />

the distribution <strong>of</strong> income itself appears in individual utility functions. In<br />

short, the income distribution meets all <strong>of</strong> the tests <strong>of</strong> a pure public good.<br />

Exclusion is impossible, consumption is nonrival; each individual must consume<br />

the same quantity. The same problems also occur. Each individual has a<br />

vested interest in disguising his preferences concerning his desired income<br />

distribution to avoid paying his optimal share <strong>of</strong> the necessary transfer<br />

payments.<br />

Tillman, Michael F. (199?). Bycatch The Issue <strong>of</strong> the 90s. Presentation,<br />

National Oceanic and Atmospheric Administration, National Marine<br />

Fisheries Service, 1335 East-West Highway, Silver Spring, Maryland.<br />

Presentation made at the Southeast Fisheries Association conference on<br />

bycatch in Orlando Florida.<br />

6 7 5

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