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

esource and development programs, and has led the agencies to the examination
of new methods for providing greater utilization of resources without
overexploitation.
Bosch, Darrell J. and Leonard A. Shabman (1989). The Decline of Private
Sector Oyster Culture in Virginia: Causes and Remedial Policies.
Marine Resource Economics, 6(3):227-243.
Oyster production from private grounds in Virginia has declined
significantly since 1960. Restoring industry production requires a better
understanding of the reasons for this decline. Currently, state fishery
managers and the popular press attribute the decline to the oyster disease
Haplosporidium nelsoni (MSX). In fact, private planters themselves consider
MSX disease as the primary constraint on the future profitability of private
oyster culture. This study analyzes potential causes of the decline using a
simulation model of oyster production with data from the 1960's, 1970's, and
1980's. The analysis suggests that rising seed prices driven by economic and
productivity changes are more important than MSX in reducing the economic
incentives to private planting. Therefore, reducing oyster seed prices is an
effective policy strategy. However, education of planters will also be needed
to assure a better understanding of the profit potential in oyster planting.
Bose, Shekar and Alistair McIlgorm (1996). Substitutability Among Species in
the Japanese Tuna Market: A Cointegration Analysis. Marine Resource
Economics, 11(3):143-155.
This paper examines two sets of hypotheses concerning the existence and
the cause of the long run inter-species price relationships in the Japanese
tuna market. A shock variable is introduced into the system to determine the
degree of influence on the price relationships as well as the magnitude of the
power in explaining the variation in prices of tuna species. Although in most
cases the coefficient estimates of the shock variable are statistically
significant, overall, the variable does not have significant explanatory power
in both bivariate and multivariate regressions. We also find that the degree
of substitutability between bigeye and albacore is substantially lower than
the degree of substitutability between bigeye and albacore is substantially
lower than the degree of substitutability between bigeye and yellowfin and,
yellowfin and albacore.
Boskin, Michael J. (1974). "A Conditional Logit Model of Occupational
Choice." Journal of Political Economy, 82:389-98.
The conditional logit decision model is applied to the choice of
occupation by individual workers to test the implications of the theory of
human capital. The empirical results support the human capital hypothesis
that workers choose occupations to maximize the discounted present value of
potential lifetime work time. Allowing for imperfect capital markets by
including training costs relative to wealth and for unemployment by including
the discounted present value of expected earnings foregone due to unemployment
also yielded results consistent with a priori expectations.
Botton, Mark L. and John W. Ropes (1987). "The Horseshoe Crab, Limulus
polyphemus, Fishery and Resource in the United States." Marine
Fisheries Review, 49(3):57-61.
The American horseshoe crab is a focus for increasing economic and
scientific importance because its blood has important biomedical applications
and because the crab is used as bait in several fisheries. In addition,
horseshoe crab eggs may be critical as a source of food for migratory
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