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

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National Marine Fisheries Service, Southeast Fisheries Center,<br />

Miami Laboratory, Miami, FL, August.<br />

A review <strong>of</strong> the commercial landings and value <strong>of</strong> reef fish species in<br />

the southeastern region <strong>of</strong> the United States.<br />

Waters, James (1986). "Aggregate Models <strong>of</strong> Limited Entry." Draft<br />

report, National Marine Fisheries Service, Southeast Fisheries<br />

Center, Miami Laboratory, Miami, FL 33149, April, pp. 9.<br />

Models for analysis <strong>of</strong> limited entry regulations.<br />

Waters, James (1986). "Estimation <strong>of</strong> Production Functions for Shrimping<br />

Trips in Inshore Waters." Draft report, National Marine Fisheries<br />

Service, Southeast Regional <strong>Office</strong>, Beaufort Laboratory, Beaufort,<br />

North Carolina.<br />

A production function describes the relationship between inputs and<br />

outputs. The concept <strong>of</strong> a production function could be used to describe the<br />

technology <strong>of</strong> the fishing firm or the technology <strong>of</strong> the entire industry.<br />

Empirical applications <strong>of</strong> fishery production functions usually have estimated<br />

either an industry wide production function or an annual production function<br />

for a representative vessel. For example, Griffin et al. (1976) estimated an<br />

annual industry production function for the shrimp fishery in the Gulf <strong>of</strong><br />

Mexico. This study uses data from the inshore shrimp <strong>fisheries</strong> in Galveston<br />

Bay and Calcasieu Lake to estimate catch per trip as a function <strong>of</strong> fishing<br />

effort and some measure <strong>of</strong> population abundance or biomass as inputs. Doll<br />

(1988) discusses the fishery production function and its underlying<br />

assumptions.<br />

Waters, James R. (1991). "Restricted Access vs. Open Access Methods <strong>of</strong><br />

Management: Toward More Effective Regulation <strong>of</strong> Fishing Effort."<br />

Marine Fisheries Review, 53(3):1-10.<br />

This paper gives an overview <strong>of</strong> the economic rationale for limited entry<br />

as a method <strong>of</strong> fishery management and discusses general advantages and<br />

disadvantages <strong>of</strong> license limitation and catch rights as the two primary<br />

methods <strong>of</strong> restricting access to marine <strong>fisheries</strong>. Traditional open access<br />

methods <strong>of</strong> regulation can be temporarily effective in protecting fish<br />

populations, but they generally fail to provide lasting biological or economic<br />

benefits to fishermen because they do not restrict access to the fishery. The<br />

general result <strong>of</strong> regulation with unrestricted access to a fishery is<br />

additional, ore costly and complex regulations as competition increases for<br />

dwindling fishery resources. Regulation that restricts access to a fishery in<br />

conjunction with selected traditional methods <strong>of</strong> regulation would encourage<br />

efficient resource usage and minimize the need for future regulatory<br />

adjustments, provided that enforcement and monitoring costs are not too great.<br />

In theory, catch rights are superior to license limitation as a means <strong>of</strong><br />

restricting access to a fishery.<br />

Waters, James R. (1991). "Restricted Access vs. Open Access Methods <strong>of</strong><br />

Management: Toward More Effective Regulation <strong>of</strong> Fishing Effort."<br />

Draft report, Southeast Regional <strong>Office</strong>, National Marine Fisheries<br />

Service, NOAA, 9450 Koger Boulevard, St. Petersburg, FL 33702.<br />

This paper gives an overview <strong>of</strong> the economic rationale for limited entry<br />

as a method <strong>of</strong> fishery management and discusses general advantages and<br />

disadvantages <strong>of</strong> license limitation and catch rights as the two primary<br />

methods <strong>of</strong> restricting access to marine <strong>fisheries</strong>. Traditional open access<br />

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