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

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Potential Gains from Cooperation for Vessels and Countries. Marine<br />

Resource Economics, 12(2):145-158.<br />

In this paper, we consider a model in which fishing boats or firms share<br />

the stock <strong>of</strong> fish in a fishing ground. The catches made by each firm reduce<br />

the stock available for the rest <strong>of</strong> the firms, which directly affects their<br />

pr<strong>of</strong>its. We aim to quantify in a static framework the gain in welfare<br />

obtained by the firms if they decide to cooperate to attain an individually<br />

rational efficient outcome. One <strong>of</strong> the main results is that both the<br />

incentives for the firms to cooperate and the minimum level <strong>of</strong> catches which<br />

permits any gain in welfare decrease as real wage increases. On the other<br />

hand, the greater the asymmetry among boats or firms, the more difficult it<br />

will be to reach any cooperative agreement.<br />

Yew, Tai Shzee and Terry Heaps (1996). "Effort Dynamics and Alternative<br />

Management Policies for the Small Pelagic Fisheries <strong>of</strong> Northwest<br />

Peninsular Malaysia. Marine Resource Economics, 11(2):85-103.<br />

The dynamics <strong>of</strong> fish stocks are an important consideration in<br />

determining appropriate fishery management policy. Equally crucial are the<br />

dynamics <strong>of</strong> fishing effort. Both these dynamics have been incorporated in a<br />

simulation model to analyze the bio-socioeconomic impacts <strong>of</strong> four alternative<br />

limited entry management policies for the multispecies, multigear small<br />

pelagic fishery <strong>of</strong> northwest Peninsular Malaysia. Fishing effort dynamics are<br />

determined by the difference in pr<strong>of</strong>its and opportunity costs. Several<br />

management alternatives are evaluated at equilibrium. Performance variables<br />

such as equilibrium catch, social pr<strong>of</strong>its, consumer surplus, social benefits,<br />

direct fishery employment and income <strong>of</strong> individual crew are used in the<br />

evaluation. The implications for policy makers are discussed.<br />

Yohe, Gary W. (1984). "Regulation Under Uncertainty: An Intuitive<br />

Survey and Application to Fisheries." Marine Resource Economics,<br />

1(2):171-192.<br />

This paper surveys the issues involved in setting or improving<br />

regulatory activity in the presence <strong>of</strong> uncertainty. It is conducted in a way<br />

that will bring forth the underlying intuitions <strong>of</strong> the existing <strong>literature</strong> so<br />

that the various policy options can easily be distinguished on grounds <strong>of</strong><br />

efficiency, as well as distributional and international considerations. This<br />

approach not only fits well into a section outlining the need for regulatory<br />

review, but also provides a basis for suggesting the issues involved in<br />

regulation <strong>fisheries</strong>. Intuition more than modeling aids in initially applying<br />

general analysis to specific areas, and the <strong>fisheries</strong> example illustrates how<br />

that application can be scientifically accomplished.<br />

Yohe, Gary W. (1991). "The Cost <strong>of</strong> Not Holding Back the Sea-Economic<br />

Vulnerability." Ocean & Shoreline Management, 15:233-255.<br />

A method for quantifying the economic vulnerability <strong>of</strong> developed<br />

shoreline to the threat <strong>of</strong> greenhouse induced sea level rise is described and<br />

applied to Long Beach Island, New Jersey, USA. While the method carefully<br />

accounts for structure, land and beach vulnerability along arbitrary sea level<br />

rise scenarios from tax maps and careful geographical accounting, it does not<br />

produce opportunity cost estimates for abandonment. The data generated here<br />

are, nonetheless, the foundation from which such cost estimates can be<br />

constructed given market and individual reactions to subjective perceptions <strong>of</strong><br />

the threat and its timing.<br />

Young, Richard H. (1982). "Strategy for Shrimp By-Catch Utilization."<br />

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