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

National Marine Fisheries Service, Southeast Regional Office, St.
Petersburg, FL.
An annotated bibliography of literature pertaining to an analysis of
fleet size change over time that is divided into sections on economic theory,
fisheries biology, statistical methodologies, and examples of their
application.
Ward, J.M. (1989). "Modeling Fleet Size in the Gulf of Mexico Shrimp
Fishery, 1966 - 1979." National Oceanic and Atmospheric
Administration Technical Memorandum NMFS-SEFC-229, National Marine
Fisheries Service, Southeast Regional Office, St. Petersburg, FL.
The Gulf of Mexico shrimp fishing fleet is modeled extending the
approach developed by Prochaska and Cato (1981) by including economic and
biological variables. Changes in fleet size are found to be responsive to
economic and biological conditions in the fishery. The model indicates that
the fleet size is approximately three times that necessary to efficiently
harvest the resource. While the model is handicapped by insufficient degrees
of freedom, results suggest that alternative modeling approaches could be used
to develop a model that successfully predicts changes in fleet size.
Ward, J.M. (1990). "Reduction in Shrimp Bycatch: Effort/Stock Responses
Based on the Elasticity of Demand," NOAA Technical Memorandum
NMFS-SEFC-274, October, 1990.
The economic implications of adopting a bycatch reduction device in a
fishery that discards a fish species that is the focus of a directed
commercial fishery when demand is relative elastic and inelastic are
discussed. The stock of the bycatch species collapses when the bycatch
reduction device increases the supply of fish in the directed fishery when
demand is relatively elastic. This outcome is dependent on the assumptions of
the model that link fishing effort levels in the two directed commercial
fisheries.
Ward, John M. (1992). "Bycatch." Draft reports, NMFS, SERO, 9450 Koger
Blvd., St. Petersburg, Fl.
Contains mathematical notes and draft reports concerning the bycatch
problem in the Gulf of Mexico.
Ward, John M. (1992). "Conservation and Economic Benefits of Limiting
Access in Marine Fisheries." Presented at the Center for Marine
Conservation and World Wildlife Fund Workshop Managing Marine
Fisheries By Limiting Access at Annapolis, Maryland, September 20-
22, 1992.
Often when economics is discussed, it is in terms of gross national
product, personal disposable income, number of jobs, and unemployment rates.
While these are important outcomes of an economic analysis, they are not in
and of themselves economics. Economics is the study of how scarce resources
are allocated amongst unlimited wants. The scarce resources are the capital
stocks, the stocks of fish, and labor. The unlimited wants include those of
commercial and recreational fishermen as well as final consumers of fish
products. Allocation concerns the best use of all resources (capital, labor,
and fish) in the production of fishery products so that the return to society
is maximized. Economics provides the methodology by which the optimal levels
of the various inputs in the production process, such as labor, can be
determined. For example, increasing the level of employment in a fishery
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