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

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Bockstael, N.E. (1976). "Analysis <strong>of</strong> Investment Behavior and Price<br />

Determination: Analytical Input for the Formation <strong>of</strong> Policy in the<br />

Fisheries." Dissertation, Department <strong>of</strong> Natural Resource<br />

Economics, University <strong>of</strong> Rhode Island, Kingston, Rhode Island.<br />

This study provides a theoretical base and an analytical model that<br />

would allow for the generation <strong>of</strong> necessary information inputs to policy<br />

decisions regarding foreign fishing within the U.S. extended <strong>fisheries</strong> zone.<br />

Two segments <strong>of</strong> the analysis include a <strong>fisheries</strong> investment behavior and<br />

economic agent behavior model. The coordination <strong>of</strong> the two segments into an<br />

interrelated, policy oriented, prediction model is discussed.<br />

Bockstael, Nancy (1978). "Seafood Processing Capacity in Commercial<br />

Fisheries Management: Discussion." American Journal <strong>of</strong><br />

Agricultural Economics, 60(5):1026-1027.<br />

Reply to Prochaska, F.J. (1978). "Theoretical and Empirical<br />

Considerations for Estimating Capacity and Capacity Utilization in Commercial<br />

Fisheries." American Journal <strong>of</strong> Agricultural Economics, 60(5):1020-1025.<br />

Bockstael, N.E. (1984). "Uncertainty About Consumption and Consumer<br />

Uncertainty." Draft report.<br />

Uncertainty in the context <strong>of</strong> demand for <strong>fisheries</strong> products suggests two<br />

quite distinct issues. The first is the uncertainty that resource managers<br />

face in predicting demand; the second is the uncertainty that faces consumers<br />

<strong>of</strong> fishery products. This paper argues that the first either is <strong>of</strong> little<br />

importance relative to other prediction problems <strong>of</strong> fishery managers or<br />

provides no new problems <strong>of</strong> analysis. However, the second issue relates to<br />

the demand for quality, a topic receiving much attention in the recent<br />

economic <strong>literature</strong> and one that has particular significance for the demand<br />

for seafood. When producers in a competitive industry have control over<br />

quality but consumers cannot perceive quality upon inspection, welfare gains<br />

can be made from imposing minimum quality standards. In addition, publicly<br />

supplied and accurate information about quality would have returns to both<br />

parties when consumers, uncertain about the health risks related to fish<br />

consumption, exhibit risk averse behavior.<br />

Bockstael, N.E. (1984). "Uncertainty About Consumption and Consumer<br />

Uncertainty." Marine Resource Economics, 1(1):67-76.<br />

Uncertainty in the context <strong>of</strong> demand for <strong>fisheries</strong> products suggests two<br />

quite distinct issues. The first is the uncertainty that resource managers<br />

face in predicting demand; the second is the uncertainty that faces consumers<br />

<strong>of</strong> fishery products. This paper argues that the first either (a) is <strong>of</strong> little<br />

importance relative to other prediction problems <strong>of</strong> fishery managers or (b)<br />

provides no new problems <strong>of</strong> analysis. However, the second issue relates to<br />

the demand for quality, a topic receiving much attention in the recent<br />

economic <strong>literature</strong> and one that has particular significance for the demand<br />

for seafood. When producers in a competitive industry have control over<br />

quality but consumers cannot perceive quality upon inspection, welfare gains<br />

can be made from imposing minimum quality standards. In addition, publicly<br />

supplied and accurate information about quality would have returns to both<br />

parties when consumers, uncertain about the health risks related to fish<br />

consumption, exhibit risk averse behavior.<br />

Bockstael, N.E. and Catherine L. Kling (1988). "Valuing Environmental<br />

Quality: Weak Complementarity with Sets <strong>of</strong> Goods." American<br />

Journal <strong>of</strong> Agricultural Economics, 70(3):654-662.<br />

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