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

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Bjorndal, Trond and Jon M. Conrad (1987). "Capital Dynamics in the<br />

North Sea Herring Fishery." Marine Resource Economics, 4: 63-74.<br />

A discrete time model is formulated to model decisions <strong>of</strong> boats to enter<br />

or exit the North Sea herring fishery. A lagged model is specified to reflect<br />

adjustment time to changes in pr<strong>of</strong>its. The empirical results indicate that<br />

fleet adjustment in this fishery primarily depends on current period pr<strong>of</strong>its<br />

and that the opportunity cost may depend on returns in the alternative fishery<br />

(mackerel). Lagged variables reflecting vessel construction time accounted<br />

for a small increase in the statistical fit. The hypothesis that entry in<br />

response to positive pr<strong>of</strong>its is more elastic than exit due to negative pr<strong>of</strong>its<br />

was not supported by the results.<br />

The harvesting industry's capital investment model was relatively<br />

simplistic reflecting the limited data set available to the authors. The<br />

annual data covered a relatively short period <strong>of</strong> time and probably little<br />

cross sectional data existed for this fishery. These limitations restrict the<br />

available degrees <strong>of</strong> freedom necessary to construct and estimated more<br />

sophisticated models.<br />

Black, Robert, Bruce McKenney, Robert Unsworth, and Nicholas Flores (1998).<br />

Economic Analysis for Hydropower Project Relicensing: Guidance and<br />

Alternative Methods. Industrial Economics, Incorporated, 2057<br />

Massachusetts Avenue, Cambridge, Massachusetts, October.<br />

A review <strong>of</strong> the Federal Power Regulatory Commission guidelines <strong>of</strong> cost<br />

benefit analysis for relicensing hydropower projects. Comments and<br />

suggestions for improving the analyses are included.<br />

Blackman, Sue Anne Batey and William J. Baumol (1980). "Modified Fiscal<br />

Incentives in Environmental Policy." Land Economics, 56(4):417-<br />

431.<br />

We have sought to describe how ingenuity can devise a variety <strong>of</strong><br />

modified environmental programs that in different degrees approximate the pure<br />

financial incentives advocated by many economists.<br />

Blake, Kevin S. (1996). Modeling Preferences for Regulatory Options: A Case<br />

Study <strong>of</strong> the Northeast Recreational Bluefin Tuna Fisherman. Non-<br />

Thesis, Department <strong>of</strong> Environmental and Natural Resource Economics,<br />

University <strong>of</strong> Rhode Island, Kingston, R.I., August, 86 pp.<br />

Since passage <strong>of</strong> the Magnuson Fishery Conservation and Management Act <strong>of</strong><br />

1977, U.S. fishery managers have concerned themselves with achieving optimum<br />

social yield . To effect this mandate, fishery managers have focused on<br />

direct effort controls without determining how fishermen, commercial or<br />

recreational, may prefer the fishery be regulated. Using contingent valuation<br />

methods, economists may determine if preferences exist for some types <strong>of</strong><br />

regulations. This paper uses contingent, or discrete, choice questions from a<br />

1991 mail survey <strong>of</strong> Northeastern recreational Western Atlantic bluefin tuna<br />

fishermen o demonstrate that fishermen have preferences for catch limit<br />

regulations.<br />

Blomo, Vito J. (1983). "Economic Criteria Regarding Diversification<br />

Through Public and/or Private Sector Financing." Report V in<br />

Assessment <strong>of</strong> Shrimp Industry Potentials and Conflicts, Volume II,<br />

Shrimp Notes Incorporated, 417 Eliza Street, New Orleans,<br />

Louisiana, August, 22 pp.<br />

Cyclical swings in the pr<strong>of</strong>itability <strong>of</strong> shrimp harvesting operations has<br />

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