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

Response Under Uncertainty: The Case of the Fishery." Journal of
Environmental Economics and Management, 10:125-137.
In the absence of complete control in a regulated industry, effective
management requires prediction of firms' behavioral responses to public
policy. This paper develops a discrete choice model of supply response under
uncertainty and applies it to fishery choice problems of New England fishing
firms. While fishermen demonstrate a bias towards remaining within the same
fishery, sufficient incentives, in terms of changes in expected returns and
risk, are shown to elicit response. Due to extreme uncertainty concerning
population dynamics of fish stocks, a satisficing approach to management,
facilitated by this type of modeling, may be more appropriate than bioeconomic
optimization.
Bockstael, Nancy E. and Ivar E. Strand, Jr. (1987). "The Effect of
Common Sources of Regression Error on Benefit Estimates." Land
Economics, 63(1):11-20.
This paper explores how the assumptions about sources of error influence
estimates of recreational benefits. A discussion of the various sources of
error in demand estimation is first offered. The analysis is confined to
omitted variables and measurement error or random preferences. These
represent the primary explanations for the stochastic term in recreational
demand analysis. Also, they can be treated with the same estimation technique
and hence imply identical estimators.
Bockstael, Nancy E. and Ivar E. Strand, Jr. (1993). "Free Trade and
Global Resources: The Case of Protected Marine Species." Paper
prepared for the IDB/ECLAC Project on Trade Liberalization, June,
1993.
The authors determine the impacts of institutional rules for the
international trade of seafood on protected and endangered species focusing on
the dolphin/tuna and shrimp/turtle controversies. Because of differences in
the processing and harvesting industries for tuna and shrimp, essentially
different results were obtained to protect endangered turtles and protected
dolphins.
Bockstael, Nancy E., Ivar E. Strand, Jr., and W. Michael Hanemann
(1984). "Time and Income Constraints in Recreation Demand
Analysis." Draft report, Department of Agricultural and Resource
Economics, University of Maryland, March, 33 pp.
In this paper, the existing recreational demand analysis is improved by
developing a defensible model of recreation behavior conditional on labor
market decisions. The primary purpose is to explore the implications of
realistic time and income constraints for modeling the behavior of
recreationalists. These constraints are developed from the labor supply
literature which is also used to identify the appropriate econometric
estimation techniques. The proposed approach incorporates a defensible method
for treating the value of time as well as addressing the sample selection bias
arising from sampling only participants. Exact measures of recreational
benefits are developed by estimating demand functions consistent with utility
maximization. In the final section, recreational benefits estimated from this
approach are compared with those generated by conventional models and
estimation practices.
Bockstael, Nancy E., Ivar E. Strand, and W. Michael Hanemann (1987).
"Time and the Recreational Demand Model." American Journal of
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