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

Wang, Der Hsiung, Louis J. Goodreau, and Joseph J. Mueller (1986).
"Economics of Atlantic Sea Scallop Management." Marine Resource
Economics, 3(2):111-135.
We present a brief discussion of the Atlantic sea scallop fisheries, a
12 equation model, and an evaluation using the model of management strategies
proposed by the New England Fishery Management Council. The demand for sea
scallops at all market levels is price inflexible. Income price flexibility
is positive but less than 1 for demand at all market levels. Cross price
flexibility is positive but also less than 1 and is approximately the same for
demand at all market levels (between 0.36 and .037). In general fishing
effort elasticities for each fishing area with respect to scallop abundance
for that area are larger than 1. Effort elasticities with respect to exvessel
price are 0.42 and 0.32 for the New England fleet's effort to the South
Channel and eastern Georges Bank fishing areas, respectively. The partial
elasticity of production with respect to inputs is higher for scallop
abundance than for fishing effort in all Georges Bank resource areas.
Reduction in fishing effort or in meat count would accrue positive benefits to
the sea scallop industries and consumers, and the greater the reduction in
effort and/or in meat count, the larger the benefits under long term
equilibrium conditions. However, the short term economic impacts of the
various management strategy scenarios are generally the reverse of the long
term benefits.
Wang, Stanley (1988). "Chart and Statistical Book of the U.S. Northeast
Fisheries." National Marine Fisheries Service, Northeast Regional
Office, Services Division, Analytical Services Branch, Gloucester,
MA, February, 52 pp.
Trends in investment, landings, biological abundance, productivity, and
costs and earnings are emphasized for northeastern region fisheries of the
U.S.
Wang, Stanley D. and Christopher B. Kellogg (1988). "An Econometric
Model for American Lobster." Marine Resource Economics, 5(1):61-
70.
An econometric model for the wholesale and ex-vessel markets of American
lobster, Homarus americanus, was developed to determine the market impact of
proposed increases in the minimum size for American lobster. Prices were
found to be inflexible with respect to landing, imports, and income (i.e., the
price flexibilities were less than one) in both wholesale and ex-vessel
markets. The size of lobster has a statistically significant effect on
wholesale and ex-vessel prices and revenues. On average, wholesalers pass
along 52% of any price changes to lobstermen. The ex-vessel price impact of a
given change in supply is about the same as for changes in either landings or
imports. Any changes in public policies leading to increases in total
landings of American lobster and/or decreases in the proportion of small
lobsters in the landings would result in increases in gross revenues to
fishermen and wholesalers. While the long term impact would be favorable, the
short term market impact of increases in the minimum size for lobster would be
uncertain.
Wang, Stanley D. and Vuong H. Tang (1993). "The Performance of US
Atlantic Surf Clam and Ocean Quahog Fisheries under Limited Entry
and Individual Transferable Quota Systems." Fishery Analysis
Division, Northeast Regional Office, National Marine Fisheries
Service, Gloucester, MA, May, 26 pp.
6 9 8