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

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The bycatch <strong>of</strong> juvenile fish can be a major problem in <strong>fisheries</strong> with<br />

small meshed trawls, such as <strong>fisheries</strong> for shrimp, (Pandalus borealis). A<br />

sorting grid that effectively removes most <strong>of</strong> the undersized fish has been<br />

developed for shrimp trawls and it is not legal to fish for shrimp in the<br />

Barents Sea without the use <strong>of</strong> this sorting grid. Apart from this, the<br />

existing catch regulation <strong>of</strong> the shrimp fishery in the Barents Sea is the<br />

closing <strong>of</strong> shrimp <strong>fisheries</strong> on fishing grounds when the bycatch <strong>of</strong> juvenile<br />

fish exceeds the criteria for allowable bycatch in numbers per ton <strong>of</strong> shrimp<br />

set by the Norwegian - Russian Fishery Commission.<br />

In this paper, a new method for the calculation <strong>of</strong> a criteria for<br />

closing shrimp <strong>fisheries</strong> based on both biological and economic considerations<br />

is established. This bioeconomic approach is an alternative to the existing<br />

biological approach. The main concept in the bioeconomic approach is that if<br />

the expected future value <strong>of</strong> the bycatch exceeds the value <strong>of</strong> the shrimp<br />

catches, the shrimp fishery should be closed. In this paper, a joint criteria<br />

for allowable bycatch is developed and calculated, including all the<br />

commercially interesting species whose juveniles are caught as bycatch in the<br />

shrimp <strong>fisheries</strong> in the Barents Sea.<br />

Vestergaard, Niels (1996). Discard Behavior, Highgrading, and Regulation:<br />

The Case <strong>of</strong> the Greenland Shrimp Fishery. Marine Resource Economics,<br />

11(4):247-266.<br />

A formal economic analysis <strong>of</strong> the discarding problem is presented,<br />

focusing on the individual fisherman and the effect <strong>of</strong> different regulations<br />

on the fisherman s incentives to discard. If the marginal trip pr<strong>of</strong>it <strong>of</strong> an<br />

extra fishing day is greater than the average trip pr<strong>of</strong>it in a nonregulated<br />

multispecies or single species/multisize fishery constrainted only by the hold<br />

capacity and the length <strong>of</strong> the season, the fisherman may have rational<br />

incentives to discard/highgrade. Regulation by TAC does not change the<br />

incentives to discard. However, under individual nontransferable quotas<br />

(INTQs) and individual transferable quotas (ITQs), the incentives to discard<br />

increase. The incentives to discard decrease under ITQs compared to INTQs, if<br />

the unit quota price is smaller than the shadow price <strong>of</strong> the quota. The model<br />

is applied to the Greenland shrimp fishery, where it demonstrates the reported<br />

discard behavior in the fishery. Finally, different regulations <strong>of</strong> discard<br />

are applied and discussed in the model. The analysis suggests that regulation<br />

<strong>of</strong> fishing days could be a promising alternative to usual suggested measures<br />

like tax/subsidies and landings obligations.<br />

Vestergaard, Niels (1998). Property Rights Based Regulation <strong>of</strong> Fishery:<br />

Applications and Theory. Ph.D. Dissertation, ROD Serie, nr. 50,<br />

Okonomisk Institut, Kobenhavns Universitet, December, 92 pp.<br />

A collection <strong>of</strong> papers on the application <strong>of</strong> ITQs in the cod, shrimp,<br />

multispecies, and Danish <strong>fisheries</strong> as well as sunk costs and entry-exit<br />

decisions.<br />

Vieira, Luis Fernando (1987). "Forecasting with Multivariate Time<br />

Series Models: An Application to the Sea Scallop Fishery."<br />

Dissertation, Department <strong>of</strong> Resource Economics, University <strong>of</strong><br />

Rhode Island, Kingston, RI.<br />

The objective <strong>of</strong> this research is to develop time series forecasting<br />

models for economic variables characterizing the U.S. Atlantic sea scallop<br />

fishery, namely, ex-vessel prices, effort, and landings. The proposal is<br />

included with the dissertation.<br />

Voiland, Michael P., Jr. (1984). "Coastal Fishing Access: Needs And New<br />

6 9 0

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