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

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This species pr<strong>of</strong>ile is one <strong>of</strong> a series on coastal aquatic organisms,<br />

principally fish, <strong>of</strong> sport, commercial, or ecological importance. The<br />

pr<strong>of</strong>iles are designed to provide coastal managers, engineers, and biologists<br />

with a brief comprehensive sketch <strong>of</strong> the biological characteristics and<br />

environmental requirements <strong>of</strong> the species and to describe how populations <strong>of</strong><br />

the species may be expected to react to environmental changes caused by<br />

coastal development. Each pr<strong>of</strong>ile has sections on taxonomy, life history,<br />

ecological role, environmental requirements, and economic importance, if<br />

applicable. A Habitat Suitability Index (HSI) model is being prepared by the<br />

U.S. Fish and Wildlife Service for the pink shrimp. HSI models are designed<br />

to provide a numerical index <strong>of</strong> the relative value <strong>of</strong> a given site as fish or<br />

wildlife habitat.<br />

Bigford, Thomas E. (1991). "Sea-Level Rise, Nearshore Fisheries, and<br />

the Fishing Industry." Coastal Management, 19:417-437.<br />

Global meteorological conditions may be changing, and sea levels over<br />

the next centuries could rise at rates usually measured over millennia. As a<br />

result, fish habitats, fishery yields, and the industry's shoreside<br />

infrastructure could change dramatically. This article summarizes predicted<br />

sea-level changes; forecasts possible short- and long-term effects on fish<br />

habitats, valued estuarine and coastal species, and fishing industry sectors;<br />

and recommends specific actions to maintain a viable fishing industry.<br />

Lacking applicable research results, most effects are extrapolated from<br />

pr<strong>of</strong>essional opinions and related research on other coastal industries or<br />

features. Emphasis is on the United States' Atlantic Coast.<br />

Predicted impacts should change over time. Some short-term changes<br />

could be beneficial as new habitats are created for estuarine species, but the<br />

long-term implications on most sectors, especially shoreside industries, are<br />

more negative than positive. Potential impacts should inspire harvesting and<br />

processing sectors to participate in remedial planning, where assistance is<br />

available from coastal managers.<br />

Recommendations address deficiencies in natural resource management<br />

strategies, development policies, short- and long-term waterfront plans,<br />

decision-making protocols for actions such as wetland permits, and priorities<br />

for remedial action.<br />

Binswanger, Hans P. (1974). "A Cost Function Approach to the<br />

Measurement <strong>of</strong> Elasticities <strong>of</strong> Factor Demand and Elasticities <strong>of</strong><br />

Substitution." American Journal <strong>of</strong> Agricultural Economics,<br />

56(2):377-387.<br />

This paper derives the Allen partial elasticity <strong>of</strong> substitution in terms<br />

<strong>of</strong> the cross derivatives <strong>of</strong> the cost function. Then, the result is applied to<br />

the case <strong>of</strong> the translog cost function and methods to avoid estimation biases<br />

caused by neutral and non-neutral efficiency differences are presented.<br />

Finally, the translog method is used to derive estimates <strong>of</strong> elasticities <strong>of</strong><br />

derived demand and <strong>of</strong> elasticities <strong>of</strong> substitution for the agricultural sector<br />

using U.S. cross sectional data <strong>of</strong> states for the years 1949, 1959, and 1964.<br />

Bird, Peter J.W.N. (1986). "Econometric Estimation <strong>of</strong> World Salmon<br />

Demand." Marine Resource Economics, 3(2):169-182.<br />

This paper reports the estimation <strong>of</strong> a single equation model <strong>of</strong> the<br />

world market price <strong>of</strong> salmon over the period 1958-1982. The equation<br />

estimated explains the equilibrium price in terms <strong>of</strong> world salmon landings,<br />

OECD consumer expenditures, and the price <strong>of</strong> a substitute. The equation is<br />

specified dynamically. It implies relatively elastic short run responses <strong>of</strong><br />

demand to price and income changes, together with the persistence <strong>of</strong> habits<br />

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