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

programs. This article presents a methodology to estimate harvest sector
efficiency gains in lieu of incomplete fleet restructuring. The methodology
is applied to assess the efficiency gains in the Mid-Atlantic surf clam and
ocean quahog fishery ITQ program. While roughly 128 vessels harvested clams
under the previous management regime, the analysis suggests that 21-25 vessels
will remain under ITQs. The efficiency gains are estimated to be between
$11.1 million and $12.8 million annually (1990 dollars).
Weninger, Quinn R. and Richard E. Just (1997). An Analysis of Transition
From Limited Entry to Transferable Quota: Non-Marshallian Principles for
Fisheries Management. Natural Resource Modeling, 10(1):53-83.
Static analysis shows that individual transferable quotas (ITQs) can
dramatically increase economic efficiency comparable to a limited entry (LE)
management by releasing excess capital. However, the transition from LE to
ITQ management presents further efficiency questions. This paper shows that
the rate of retirement of excess capital is determined by the opportunity cost
of holding ITQ harvest rights on cost inefficient vessels. While restructuring
is immediate with perfect foresight delayed exit occurs with uncertainty and
low opportunity costs of holding ITQ. Nearly cost-efficient fishers
anticipate increasing their payoff by waiting for higher ITQ prices, e.g.,
game theoretic principles rather than static Marshallian principles apply.
The results raise policy questions about allocating ITQ to incumbent fishers
at no charge. The Mid-Atlantic surf clam and ocean quahog fishery which
switch from LE to ITQ management in 1990 is analyzed as a case study. Results
show that a large surplus was possible but unattained under LE management but
also that adjustment has been slow and costly, consistent with the results of
this paper.
Wesney, David (1989). "Applied Fisheries Management Plans: Individual
Transferable Quotas and Input Controls." In Neher, Philip A.,
Ragnar Arnason, and Nina Mollett (eds.). Rights Based Fishing,
Kluwer Academic Publishers, Boston.
This paper examines two different management systems which have been
applied in recent years to two of Australia's major fisheries, the southern
bluefin tuna (SBT) fishery and the northern prawn fishery (NPF). These
Australian fisheries have been closely managed from the onset of commercial
exploitation and have produced good results from both biological and economic
perspectives.
Wespestad, Vidar G. and Joseph M. Terry (1984). "Biological and
Economic Yields for Eastern Bering Sea Walleye Pollock under
Differing Fishing Regimes." North American Journal of Fisheries
Management, 4:204-215.
A bioeconomic simulation was conducted to evaluate the alternative
management strategies. The simulation model was an age structured population
model to which economic functions were added. Four alternative fishing
regimes were evaluated in the analysis: the current fishery, a fishery
directed toward small fillet pollock, a fishery directed toward large fillet
pollock, and a fishery directed primarily toward small pollock for fish paste
(surimi). Each fishing regime was simulated over a 20 year period. To
account for stochastic variation in the recruitment function, each fishing
regime was repeated five times.
Wessells, Cathy R (1998). Barriers to International Trade in Fisheries.
Discussion paper prepared for the FAO E-Mail Conference on Fisheries
Trade and Food Security, Department of Environmental and Natural
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