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

Wallace, Richard K., William Hosking, and Stephen T. Szedlmayer (1994).
Fisheries Management for Fishermen: A manual for helping fishermen
understand the federal management process. MASGP-94-012, Auburn
University Marine Extension and Research Center, 4170 Commanders Drive,
Mobile, Alabama, 56 pp.
The purpose of the manual is to unlock the mysteries of fisheries jargon
and to explain how regulations are made in the hope that fishermen will get
more involved.
Wallace, Stein W. and Karl Brekke (1986). "Optimal Fleet Size When
National Quotas Can Be Traded." Marine Resource Economics,
2(4):315-329.
Assuming stochastic quotas for a fish stock that is shared between two
nations, we find the optimal fleet size for one of them by maximizing expected
profit under the assumption that national quotas can be traded and that stable
national quotas is a political goal. As an example we use the Norwegian purse
seiner fleet and the summer capelin fishery in the Barents Sea.
Walters, A.A. (1963). "Production and Cost Functions: An Econometric
Survey." Econometrica, 31(1-2):1-66.
A survey article of econometric studies of cost and production
functions.
Walters, Carl J. (1981). "Optimum Escapements in the Face of
Alternative Recruitment Hypotheses." Can. J. fish. Aquat. Sci.,
38:678-689.
Available data are often inadequate to discriminate among alternative
models that make different predictions about the consequences of allowing
escapement outside the range of recent historical experience. Dynamic
programming is used to show that the optimum policy in such situations can
involve active probing or experimentation with escapements. The optimum
adaptive policy is usually difficult to compute, but generally may be closely
approximated by a "Bayes equivalent" policy that is simpler to estimate but
does not account explicitly for the value of information associated with
allowing more extreme escapements. While there are various practical
difficulties in estimating and implementing an optimum policy, it is concluded
that regular probing experiments should be included in every fishery
management plan.
Walters, Carl J. and Ray Hilborn (1976). "Adaptive Control of Fishing
Systems." J. Fish. Res. Board Can., 33:145-159.
This paper discusses some formal techniques for deciding how harvesting
policies should be modified in the face of uncertainty. Parameter estimation
and dynamic optimization methods are combined for the Ricker stock-recruitment
model to show how exploitation rates should be manipulated to give more
information about the model parameters; in general, harvesting rates should be
lower than would be predicted by the best fitting recruitment curve unless
this curve predicts that the stock is very productive. A decision procedure
is developed for comparing alternative stock-recruitment models; when applied
to the Fraser River sockeye salmon (Oncorhynchus nerka), the procedure
indicates that an experimental increase in escapements would be quite
worthwhile. It appears that there is considerable promise for extending these
methods and procedures to cases where the stock size is unknown and where
fishing effort is poorly controlled.
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